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Opportunity cost (Economics) In today’s #oneminutelearning video, we cover: - Definition and examples of opportunity cost in different contexts. - Decisions made by consumers, workers, producers and governments when allocating their resources. Useful for GCSE and IGCSE Economic courses. For IGCSE syllabus this is: - Chapter 1 - The basic economic problem - Unit 1.3 - Opportunity cost - Topic 1.3.1 - Definition of opportunity cost - Topic 1.3.2 - The influence of opportunity cost on decision maki
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