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Economics Lesson 101
Today we're going to discuss opportunity costs. That's the cost of something that comes from the other things you could be doing with that money/time/resources.
For an example, let's say you're a rich and powerful country. Then you decide to incompetently invade a small country in Asia. The opportunity costs of this adventure are all the other things you could have done with five years, trillions of dollars, international influence, three Army divisions, thousands of cruise missiles, a carrier task force, millions of rounds of ammunition, and a hundred thousanddead civilians Iraqui citizens. Oh, and the moral high ground.
Any questions?
For an example, let's say you're a rich and powerful country. Then you decide to incompetently invade a small country in Asia. The opportunity costs of this adventure are all the other things you could have done with five years, trillions of dollars, international influence, three Army divisions, thousands of cruise missiles, a carrier task force, millions of rounds of ammunition, and a hundred thousand
Any questions?
short criticism of phrase
Re: short criticism of phrase