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Scarcity and Opportunity Cost | Economics Explained
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What is scarcity? What is opportunity cost? This video explains economic concepts such as scarcity and opportunity cost and how they lead to making financial choices.
00:00 - Intro
00:10 - Scarcity Example
01:19 - Opportunity Cost Explained
02:59 - Scarcity & Opportunity Cost Summary
Follow us:
#economy #economics #inflation #choices #finance #money #teacher #students
00:00 - Intro
00:10 - Scarcity Example
01:19 - Opportunity Cost Explained
02:59 - Scarcity & Opportunity Cost Summary
Follow us:
#economy #economics #inflation #choices #finance #money #teacher #students
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