What are you doing now I can guess the answer. As you read the above question, that means you are reading this article today. Maybe you might think of doing another work to read. What will you do then The text will read or do that?
Well, take a look, there is not enough time to read your whole article. So if you listen to the blog except reading the blog then. Hearing the headphones in the ears and listening to the blog, along with other work and continuing to keep the rhythm. Then one of your friends gave you the message. If you get to know from the message tomorrow afternoon you will be given a good treatment. You are happy to hear the name of Kachchi!
But unfortunately, your happiness soon became faded, when you remember that tomorrow you have a very important class that can not be missed at all. So what will you do now? But the head of the class, but the head of the class! There is a lot of big trouble. Which one to leave? What is the profit less, the loss is more and the loss is more, the loss is less?
Most of us have to get in trouble like this. I have to read ahoraa. Will Brazil play in the World Cup, or will I sit on the blog? I have recently read this problem. Save money from food, go to the tour, or will you spend every day quietly? In this way, I have to face different conflicts.
Sometimes I have to face such a problem to make big decisions. For example, I repeat my words. I fall into the second year in the Department of Economics. We've got the 4th semester started. And we all have to choose their own subject. I have had a good problem. Accounting, or organic economics? Because, depending on the subject matter, I want to go somewhere in my career.
At the time of the admission test, I was even more concerned about this problem. I will be studying engineering, or will I change the department to test the D unit? There was a huge problem. There were many anxieties. Many decided to test the D unit. Hope everyone can understand the result.
There are many such big decisions to take in our lives. And when we decide to make a decision, we may think of making the fetus a bizarre look, maybe someone tends to tear the hair from the head. Do not let the anxiety leave us back. I am sitting and meeting the accounts of the loss of profit. The account does not want to match. Like all the headphones cables, they all are screwed.
However, if we decide to do Opportunity Cost, we will not have a headphone cables like that of our accounts. To make easy decisions, many contributions to the Apurachuna Costa This is what! I just gave a thunderbolt as soon as I was thorny. When you sit down and choose what class you choose, I am worried about what I'm talking about with the cost-fast.
In fact, as dhikeki go to heaven, rice is broken, my condition is so much. Here's the economy. But how does the octopurnity cast help to decide, I'm slowly opening it up.
We all have a lot of will. But our resources and resources are less than that. So, how do the economy, our unmatched demand and harmony among the little resources. And it does so in order to gain maximum profits. We call it Resource Allocation. Since the resources are much less then people's desires can not be met together.
Economics manages to behave, conduct reviews, which are the most profitable for the people. However
In order to pick the best thing, the other option is to cacriphase.
In this way, the economy helps us reach our conclusions by analyzing human behavior, wishes, resources and so on. So the economy name is as complicated as the inside of the cones are just as interesting. Our Generation
In the language we call "cool"
One of the coolest concepts in the aperture cost is The only thing that we knew about Sackreifes a little earlier was that the cost behind him is to spend the opportunity to say To say a little more, the Opportunity Cost or Opportunity is being spent,
"When there is a lot of work to choose from, then the opportunity to do other things is lost."
You are now reading or listening to this blog. You can chat with friends, watch Instagram photos, hit reactions on Facebook, or listen to music, even if you are still bored and have time to spend time. But you can not read it without reading it (thank you for that). If you exclude all the work to read this article, then losing the scope of those works is called the Opportunity Coast.
If we consider this opportunity costing less or less, then our profit will not be otherwise.
Let's give another example. Look, tomorrow is your test. You should now study. But if you are now sitting in a story book without preparing for the test, then the chance you are going to lose is not the test.
The leakage, whose aperture cost is certainly much more. Because, if results are not properly prepared, the result will be bad. On the other hand, when you sit down to read the story reading and avoid reading the story, then the opportunity will not be able to read the story book. And its cost will be lower than before. Because the book of the story can be read any time after the examination. But it is necessary to take the test time.
The leakage, whose aperture cost is certainly much more. Because, if results are not properly prepared, the result will be bad. On the other hand, when you sit down to read the story reading and avoid reading the story, then the opportunity will not be able to read the story book. And its cost will be lower than before. Because the book of the story can be read any time after the examination. But it is necessary to take the test time.
In the same way, it is very easy to take such a small variety of decisions, keeping in mind the aparacunty costa. It can be done step by step.
1. understand:
At first you must understand that you have to make a decision. And why the decision has to be taken, be aware of what kind of decisions to take.
It would be better to understand the example. I say my words. I have received Eid Salami Tk. 2000. I have to make a decision for how best to spend this 2000 rupee.
2. Know essential information:
Knowing enough information is necessary for the decision is correct. So I have to know what to do by paying 2000 rupees. For example, if I think that I would buy a motorbike with this 2000 rupees, it would be irrelevant. Because, so little
I will not be able to buy second hand or third hand motorbike. So to know the right information. What can be done with this amount of money.
3. Recognizing Options:
To choose a thing we have to eliminate many more options. Since we are aiming to make a decision that can be of the greatest benefit, so before making any decision
You have to know what the alternative is.
After knowing the information, I made a list of my options. As I know now, there are so many alternatives that I have. What I can buy or buy with my 2000 rupees is that,
a dress
Many storybooks
A beautiful bag
A glasses
many plate cucumbers
যেতে can go to the tour
Branded shoes
Much more can be done. But for me these are my options for me. Of which I will choose the one that I need most.
4. Fix Priority:
Many times, many options come forward to us. There is a desire to do a lot of work. Then the prorality has to be set. And to fix it depends on their love, need, wishes. Now it's time to fix the prorality. This should be listed at the most and thus the lowest.
Mys is
i. Eyeglasses, many story books
ii. Tours
iii. Lot plate kachchi
iv. Shirt
v. Bags, shoes
I think, except for the purchase of glasses and books, the rest of the sarcrification to reduce the aperture cost is much lower. So, in order to decide, I can exclude them. But still I do not have the decision. Because the glasses will buy or not
I doubt I'll buy a lot of books. And while solving the problem, Oprahunchi Costa shows her curiosity.
5. Accounting:
After cutting the options to a small list, you will need to calculate the account. It will be stupid if you want to squeepere more than the cost. But here there is no issue of money. How do you calculate?
Right here, Opperony Cost sees his coolness. There is no added contribution as Implicit Cost or Indirect Cost. Meaning to hold something equal to the money. Now write logical irregular reasons or advantages in one section. Then give 1 point to the benefits and the difficulties 0. The greater the number of work that way the aperture is the cost plus.
Glasses
More than power. I do not see anything in my eyes when I do not (1)
No hobby (0)
Scratch has fallen in glasses. There is a problem to see. (1)
If you do not buy glasses, it will be difficult to read the book. (1)
Total: 3
Book
A lot can be known (1)
Hobbies to be filled (1)
Can be bought later (0)
Not so important (0)
Total: 2
So what we can see is that I am less than the book's opiate cost glasses.
6. Decide:
The latest step. Choose the best option. In my case, buying glasses will work like wise. Because I met my new non-scratchless glasses later on to buy a lot of books at some time
Can do
And in the same way, you can easily take any small and big-medium decisions like me, by calculating Opportunity Cost. There are many commercial, administrative decisions based on this extraordinary but very easy concept, not just in everyday life.
For example, how would it have been if the government used a large portion of the budget to be used in the education sector? This decision was cut off, the chance of not being able to read many children. So the policy makers decide to do everything in such a way that the cost of doing the work is not to exceed the cost and it should not be a cause for reverse damage to the country.
If the CEO of an organization thinks that he does not invest in the company behind the product of his company, then he will only beautify the organization's building, then he will understand what will be the cost of the aperture behind his decision. He may face major losses and may be. So he decided very carefully by calculating the opportunity cost.
Hopefully then, you understand, the economy - the key behind this difficult word is a conception hidden! Do not read the engineering, do not employ jobs, do not listen to the music, or read the books, the decision of everything is no longer a problem to you.
I could relate this with my own childhood.
thanks, @asif1412