For example, choosing public transportation to travel to a particular destination by foregoing the option of traveling in one’s own car is a good example of opportunity cost, because you end up saving money which needs to be spent on fuel. You can read about the Indian Economy Notes For UPSC Preparation in the given link.
Further readings:
Related Links |
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Public Distribution System (PDS) and Targeted Public Distribution System (TPDS) – A Brief Overview |
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UPSC Mains General Studies Paper-III Strategy, Syllabus & Structure |
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