Opportunity Cost Definition and Real World Examples

Learn the most important concept of economics through the use of real-world scenarios that highlight both the benefits and the costs of decisions. Opportunity cost is a simple yet powerful principle that reveals how to make the best economic decisions possible, and it explains why people make the choices they do.

Visit Study.com for thousands more videos like this one. You'll get full access to our interactive quizzes and transcripts and can find out how to use our videos to earn real college credit.
YouTube hosts only the first few lessons in each course. The rest are at Study.com. Take the next step in your educational future and graduate with less debt and in less time.

Follow Us On:
Instagram -   / studydotcom  
Facebook -   / studydotcom  
Linkedin -   / stud.  .
Twitter -   / studydotcom  

Subscribe to our channel for other study tips!