🛣 Opportunity Cost | The Road Not Taken

Opportunity cost is the road not taken. Every action has a cost! Learn Austrian Economics in a fun way!

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Music on CC license:

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[rampage]

Thank you for this video. So relevant for me in this point in my life.

[infiniteluv]

I needed this for all those burning questions in my mind

[kevinlevin]

I'm an IGCSE student studying Economics recently and willing to take Economics as a major subject too. Thank you so much for uploading those kinds of videos. I did struggle to understand what opportunity cost supposed to mean but yours was a big assist to me. Have a nice day!

[londonrd]

This is the best explaination of opportunity cost Ive ever seen.

[No-cwil]

Very inspirational and great animation! Well done!

[visuallycourses]

Your videos are underrated I feel. But this channel is up for something good given the quality of the content and balance of animation.

[theultimatereductionist]

THANK you for that last example: the guy obtaining the well-being of NOT worrying about a greedy law-breaking bank stealing & keeping his money!! I believe THAT was your MOST IMPORTANT of these examples!

[smilyle]

Every decision you make has an opportunity cost depending on what you value

[Aeroxima]

Video is really good. Youtube's algorithm shouldn't punish videos for having fewer comments.

[sylvy]

I came here since our economics teacher told us to watch this

[angsophie]

The video is very well explained, the examples (especially the firework one) are very helpful! One question I have is that: Do we always have to give up a "second-best alternative"? Furthermore, a suggestion is that, not all bakers are given the opportunity to have USD 3600 salary, so the baker might have just increased his business through improving his own skills. A very well-made video, truly helpful, thank you!

[Cumbemoz]

What Program do you Use to make Your Animations?

[ilham]

this video teach me happiness. thank you

[pheypyang]

Business students who came here for there online class👇
BSBA GM III students of SSC isang hi naman jan😂😂

[deveshyadav]

I had some courses with professor Machaj at the university of Wrocław. He’s awesome.

[Mikaelah]

would love to use willam A, Mc Eachern as a refrence where could i find it.


thank you for the help :)

[theultimatereductionist]

Since one compares one one did against all possible hypotheticals, the opportunity cost could be ANYTHING. Even a gain.

[bader]

pov: ur here from the business class lmao

[JayTaylordollarfilms]

Cool video.
I think it leans heavy into conforming.
Personal happiness, fulfillment, etc aren't involved in economics.

Is there a more "holistic" version of economics?

[theultimatereductionist]

Quantum mechanics & the many-worlds-hypothesis: I ain't gonna incur ANY loss! I'm gonna take ALL ROADS SIMULTANEOUSLY!