Opportunity Costs

Opportunity Cost is when you give up something to get something else. Opportunity cost is the cost we pay when we give up something to get something else. There can be many alternatives that we give up to get something else, but the opportunity cost of a decision is the most desirable alternative we give up to get what we want.One example that I can use to describe opportunity costs is that I had to stop playing soccer to focus in school and get better grades.Another example I can use is that to earn money I had to stay baby sitting my cousin instead og going to the movies with my friends.