Cryptocurrency Q&A How do you explain opportunity cost to a child?

How do you explain opportunity cost to a child?

SumoHonorable SumoHonorable Tue Jan 21 2025 | 7 answers 1751
I'm trying to explain the concept of opportunity cost to a young child. How can I simplify this economic idea in a way that a child can understand? How do you explain opportunity cost to a child?

7 answers

SolitudeEcho SolitudeEcho Wed Jan 22 2025
Explain that Opportunity Cost signifies the alternative that was not selected.

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KimonoElegance KimonoElegance Wed Jan 22 2025
Provide two distinct types of candy or other enjoyable food items for them to select from.

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BlockchainBaronGuard BlockchainBaronGuard Wed Jan 22 2025
It represents the sacrifice or foregoing of one option in favor of another.

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Maria Maria Wed Jan 22 2025
Allow them to make a choice between the two options presented.

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TaegeukChampion TaegeukChampion Wed Jan 22 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services.

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