Opportunity Cost: Making a choice means sacrificing something else at the same time because we can’t have everything. If the value of what is given up is significant, then the choice incurs a relative loss, and it is up to the CEO to recognize this as a cost. In reality, whether I am aware of the opportunity cost or not, it still impacts my current financial situation. However, to calculate profit or loss as an opportunity cost, there must be a future opportunity to forgo the current choice and select an alternative. No one should keep repeating the cycle of giving up and choosing without knowing whether the next decision will be beneficial or not. Giving up is worthwhile only when the next option is good. - Joseph’s “just my thoughts”
Not all of them, but conservatism seeks to maintain vested interests , while liberalism aims to reform them. Although most wealthy individuals tend to adhere to conservatism, the poor generally support liberalism. However, when it comes to voting , the poor often choose conservatism because liberalism presents a realistic view, whereas conservatism embodies the future that the poor envision in reality. The world is not so simple. - Joseph’s “just my thoughts”