Pros And Cons Of Opportunity Cost

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Opportunity cost is a benefit, profit, or value of something that must be given up to acquire or achieve something else. It is a technique that is often used to make the best possible economic decision. Without direct realization, opportunity cost reflects a lot in our lives. It depicts what we invest in such as choosing to take a vacation, buying a house, taking out a loan, and going out to eat every day. Whether it is long term or short term, when it comes to our own personal finances, we must learn how to weigh the pros and cons of each circumstance. It is reported that almost 60-70% of problems within the home are financially related. In spite of what many people think, opportunity cost extends far beyond just the monetary cost of…show more content…
It is a very selfish act and is not pleasing or uplifting to the kingdom of God. When we treat people right especially in doing business with them it is our way of giving back to God just as he has given to us. Poor people have been oppressed for a very long time and the government provides them with very little incentives that will allow them to get back on their feet and become productive citizens. True, there are several human services programs available to assist people, however the criteria is hardly ever meet for certain families and individuals. Single and married couples without any dependents are among some of the people who are in a higher tax bracket. The way the tax rules are written, it would make it seem otherwise but based on research it has proven to be true. The government constantly taxes lower income people and yet allow people within a higher tax bracket to get write offs on their yearly income taxes without any penalties. It amazes me how I hear a lot of Congressman proclaim how much of a Christian they are but are not willing to part ways with less than half of their salary to help stabilize the economy. A selfless act of service is a very rare notion. The notion of the government having to give something up without it benefiting them is highly unlikely. Price controls that are regulated by the government is a total set up for failure and it gives the public false hope. For instance the price of food, gas, clothes, medicine, and insurance are all regulated prices and should not be that expensive. We are taught to eat healthy and cut out certain things in our diets but the healthier organic foods are unaffordable. Healthy food is greatly in demand but affording the supply of it is not always within our reach. The very things we

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