File Details
Basic Economic Concepts | |
File name | Basic Economic Concepts |
File Description | In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone, in a situation in which a choice needs to be made between several mutually exclusive alternatives given limited resources. Assuming the best choice is made, it is the "cost" incurred by not enjoying the benefit that would be had by taking the second best choice available. |
Category Name | Management Studies |
Subject Name | BUSINESS ECONOMICS |
Module Name | Basic Economic Principles |
Micro Category Name | Concept of Opportunity Cost |
Level | Masters |
File Type | |
File | Login to Download |
File | Login to Download |