Concepts Quote by 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

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

— Dan Ariely

Money is all about opportunity cost. Every time you spend on something, that's something you can't spend on something else.

— Dan Ariely

Everything has an opportunity cost, and the big things we want in life - like happiness and healthy relationships and wealth - they all…

— Mark Manson

“According to standard economic assumptions, the only opportunity costs that should figure into a decision are the ones associated with the next-best alternative.”

— Barry Schwartz

There’s an opportunity cost to everything.

— Julie B. Beck

“Nothing is more expensive than a missing opportunity”

— Jackson Brown

The cost of a thing is something called life which is given in exchange for it.

— Henry David Thoreau

Intelligent people make decisions based on opportunity costs.

— Charlie Munger

Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which…

— Thomas Sowell

Economics is all about consumption. People either spend money now or they use financial instruments - like bonds, stocks and savings accounts - so…

— Adam Davidson

Economics is the study of how society manages its scarce resources.

— Greg Mankiw