Cryptocurrency Q&A
Does opportunity cost always include money?
Does opportunity cost always include money?
Raffaele
Mon Jan 20 2025
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6
answers
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I'm wondering if opportunity cost always involves money. Is it possible that it could also include other non-monetary factors, or is it strictly limited to financial considerations?
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6 answers
CryptoQueenGuard
Wed Jan 22 2025
This concept encompasses all related expenses of a particular decision.
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Riccardo
Wed Jan 22 2025
Opportunity costs extend beyond monetary or financial expenses.
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Margherita
Wed Jan 22 2025
Both explicit and implicit costs are taken into account.
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AmethystEcho
Wed Jan 22 2025
Explicit costs are those that can be easily identified and measured.
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CryptoVanguard
Wed Jan 22 2025
However, implicit costs are often overlooked.
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