Economics Quote by Barry Schwartz

In economics, one of the most important concepts is 'opportunity cost' - the idea that once you spend your money on something, you can't…

— Malcolm Turnbull

We make choices every single day of our lives and those choices mean we must give up something in exchange for another. In economics…

— Trish Regan

“Nothing is more expensive than a missing opportunity”

— Jackson Brown

All decisions have dilemmas and all choices have opportunity costs. For every win there's a loss somewhere.

— Frank Matobo

Intelligent people make decisions based on opportunity costs.

— Charlie Munger

“There’s another reason action is expensive. Something other than time and resources. It’s because actions are a commitment. Anytime in the thinking process, you…

— John Braddock

There is always a choice, even if the alternatives don't appear to be equal.

— Garth Nix

“opportunity alone is not sufficient for economic or other accomplishments.”

— Thomas Sowell

“science of economics should focus on the best use of scarce means to satisfy social ends.”

— Daron Acemoğlu

“There are always alternatives.”

— Marc Bauer

The problem with opportunity cost is that opportunity cost is divided among many, many things.

— Dan Ariely

“valuing the condition of having options over the quality of the options can sometimes lead to decisions that don’t serve us well.”

— Sheena Iyengar