Opportunity Costs

Opportunity Costs is the price to we have to pay to do something. It does not have to be a financial gain or loss but can relate to any aspect of life. We think about opportunity costs when we try to make a decision and weigh out the advantages and disadvantages. A real life example of this is everyday when I wake up to go to school. I extremely dislike waking up at 6:30 every morning. I contemplate if I should continue sleeping then wake up a hour later and party all day or I could go to school see some of my friends and leave school whenever I want. I usually decide to go to school because of my eagerness to graduate high school on time. If I do not go to school, I will probably fail my classes (noted from prior experience) and I will prolong my high school career longer then its expiration date. I also consider that I leave school @ 12 PM and that I have good friends and teachers to get me through the day. And Friday's, Weekends, Vacations, and Summer were made for partying.

Another example is when I decided to start my record label and book shows. I knew that this would be costly investment. I did not expect to make lots of money or any at all. Although I did make money that went back into releasing more music. I did not gain large profits that would allow me to call myself a "everday P.Diddy" or "baller" but the benefits outweighed the disadvantages. Through my record label and booking shows I've met so many awesome people who are the nicest people I'll ever meet. They offer me a helping hand whenever and have provided me with free clothing (band tees) and a place to sleep. I personally prefer to be rich in friends, not in the monetary value.

My last example is the United States government. The government can use our tax dollars for the poor education system, unprosperous and underdeveloped cities / neighborhoods and health care. Or they could use our tax dollars to fight a war in Iraq based on lies that only benefits the giant corporations, stopping gay marriage and Mexicans from coming over the border. The government evidently chose to fight the war in Iraq because they value dollar signs (profit over people) and they continue to keep United States free from extremely dangerous Mexican immigrants and gay marriages. hooray *sarcastically*!