What is the law of increasing opportunity cost?

The opportunity cost to produce additional goods will increase as the production of one good is increased as per law of increasing opportunity cost. Opportunity cost is the value of what has been given up. You can read about the Indian Economy Notes For UPSC Preparation in the given link.

Further readings:

  1. Bad Banks – Idea Proposed Due to COVID-19
  2. Cashless Economy in India – UPSC GS-III Notes

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