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0:59
YouTube
All Business Basics
"Opportunity Cost" Explained: Every Yes Is a Hidden No
Definition: OPPORTUNITY COST is a SUPER valuable term that refers to what you give up or sacrifice to do one thing over another. It's a value trade-off. Example #1: The OPPORTUNITY COST of watching a movie tonight after a hard day's work may be time you could spend reading, playing with the kids, or getting some productive work done around the ...
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