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✍️വിദ്യാഭ്യാസം - Opportunity Cost Opportunity cost means the value of the next best thing we give up when we make a choice In simple option. When we choose one thing we lose another option is called opportunity cost. That [ost Example: You have =5O. You can buy Ice cream or Chocolate buy If you buy ice cream, you cannot chocolate So, chocolate is the opportunity cost Opportunity Cost Opportunity cost means the value of the next best thing we give up when we make a choice In simple option. When we choose one thing we lose another option is called opportunity cost. That [ost Example: You have =5O. You can buy Ice cream or Chocolate buy If you buy ice cream, you cannot chocolate So, chocolate is the opportunity cost - ShareChat