Saturday, 26 May 2012

Budgets and Opportunity Cost

In the previous entry, we talked a little about opportunity cost. In short, it’s what someone gives up in order to acquire something else. What does that have to do with budgeting? Start with the plain-sense definition of a budget. Most people think of a budget – quite correctly – as a list of planned [...]

Source: http://thebadeconomist.com/2012/01/19/budgets-and-opportunity-cost/

abc sports live bbc sport live local weather soccer games

No comments:

Post a Comment