A level Business Revision - Opportunity Cost & Trade Offs

This A level Business revision video explains the difference between opportunity costs and trade offs, giving examples of each. Opportunity Cost is a topic on many of the A level Business specifications, including Edexcel and AQA.

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DISCLAIMER: Be sure to consult the exam board specification of the qualification you are studying to discover what you are expected to know for your syllabus.

[tomgillespie]

This is literally what I’ve just started doing in A-levels last week what great timing

[alansundaram]

Excellent explanation - best I've heard in 10 years!

[LadyLeo]

What an excellent explanation! I've watched over 8 videos trying to understand the difference and this video just explained it to perfectly. Thank you !

[catherineluk]

been binging your videos for the past few hours to study for my ib business course ! thank you so much for running the channel and i just KNOW i’m gonna constantly come here when i don’t wanna read the textbook

[kimtete]

I cry for this, this help me to understand the mistakes in my assignment. Thank you so much

[Dana-pjjw]

Binged watched theme 1, theme 2 and theme 3 from your playlists in the past 3 days. Helped a lot

[ellaroberts]

Just started this in business and was confused in class, thank u sm

[raihankabir]

Basically, opportunity costs is completely giving up the alternative option. Where as, trade off is keeping both option my making combination of those option.

[tkay]

Hi, do you have any predictions about what could come up on the edexcel paper 1 next week?
Thanks

[ArinatorGrande]

is this and your channel applicable to Btec