Opportunity Costs

When economist talk about opportunity costs they mean that whatever they do such as build a corporation in a certain piece of land, they miss out on any other opportunities that they have for example building or constructing any other thing in that same land that can serve as a benefit towards them in the future. In economics opportunity costs are decisions that you make for what you most desire and the things that you are giving up for that one thing that you chose to do. An example of this is if you have a boyfriend/girlfriend. The time, money and effort you spend with him/her, you can be doing other things such as saving money for the future and hanging out with your friends having a good time. Some examples from my life can be that instead of a job I will start College Now. Instead of earning some money to save for college and other expenses, I will be getting a college education. Also, I am in the A.P. biology course first and second course. Instead of coming in third period and leaving fifth, I choose to come in first because I take that specific course and I feel that it will be better for me. =]