| 0455 IGCSE ECONOMICS
PAPER-2-TOPIC-1-BASIC ECONOMIC PROBLEM-TOPIC WISE PAST PAPERS / PAPER-2-OPPORTUNITY COST
  • 1.3.1-Opportunity cost-ms.pdf
  • 1.3.1-Opportunity cost-qp.pdf
  • 1.3.2-Opportunity cost-ms.pdf
  • 1.3.3-Opportunity cost-ms.pdf
  • 1.3.3-Opportunity cost-qp.pdf
  • 1.3.4-Opportunity cost-ms.pdf
  • 1.3.4-Opportunity cost-qp.pdf
Note:

What is opportunity cost?

  • Opportunity cost is the next best alternative forgone.
  • Example of opportunity cost :Government spending on unemployment benefit will reduce a government's ability to spend on another item (for instance¬† health care)

Course content