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What is the opportunity cost formula?

Opportunity Cost = What One Sacrifice / What One Gain, Opportunity Cost = Total Revenue – Economic Profit. These are the formulas for opportunity cost. 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

Related Links

Economic Survey 2021 – Definition, Importance & Highlights

Public Distribution System (PDS) and Targeted Public Distribution System (TPDS) – A Brief Overview

Demonetisation Essay – Concepts, Merits, Demerits & Effects 

UPSC Preparation: Syllabus and Strategy for Economics

Consumer Price Index (CPI) – Indian Economy Notes

Non Performing Assets (NPA) – Facts for UPSC GS-III

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