The HIDDEN COSTS of Every Decision You Make!

The video explores the concept of opportunity cost, illustrating how choices in personal, business, and government contexts involve trade-offs. Through examples like Vic's concert decision and Angela's college choice, it highlights the importance of considering both financial and non-financial costs. The video also discusses specialization and efficiency, emphasizing the need to weigh opportunity costs in decision-making processes.

What new insight or understanding did you gain from this video?