Priciples of Economics; Choice & Opportunity cost

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경제학의 Choice 와 기회비용에 관한 글 입니다.

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The study of Economics introduces the concept of the choice. The world is in scarcity of resources. For this reason, there can never be enough to supply every consumer with the goods and services they desire. This means consumers need to make appropriate choices with limited resources. As a result, consumers need to choose the goods and services that are most suitable and desirable so that they can achieve utility maximisation. The choice is made by buyers but the choice always creates costswhic

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