Because of scarcity, we must give up some of one product in order to get more of another. This is the concept of

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Quizplus · Accepted Answer

Opportunity cost refers to the value of the next best alternative that must be given up in order to pursue a certain action or decision. It is a fundamental concept in economics, as it helps individuals and firms make efficient choices about how to allocate scarce resources.

Because of Scarcity, We Must Give Up Some of One