So the general consensus is, most things we use our money for has opportunity cost associated?
Does this only stick with investments until you make money but are able to withdraw out profits so you can keep both your investment while also taking some out to put into the other thing you considered before the initial investment?
Should you make money off the initial opportunity cost and be able to come to having both things, then can you consider time used to get to this point as an opportunity cost because it was the only thing lost?
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Hello @thegoliath
Yes, in economics everything has opportunity costs.
Even in scenario two there are costs. But as you point out indirectly in your third point, there is something called “the highest, best use”. Which in theory has a higher opportunity cost if not chosen, and it’s profits are so great as to exceed the opportunity cost of the alternatives, as in all of the alternatives where you may put your money, it is the one which brings the most joy or the most profit.
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