“In economics, one of the most important concepts is 'opportunity cost' - the idea that once you spend your money on something, you can't spend it again on something else.” ImportantIdeasOpportunityCostConceptsEconomicsOpportunity Cost Author:Malcolm Turnbull
“We have an opportunity to improve productivity and cut costs while growing our way to a better and a more comfortable operating environment. I don't think anyone feels comfortable about bumping around where we are today.” ThinkingWayFeelsTodayOpportunityEnvironmentCuttingGrowingComfortCostComfortableProductivity Author:Scott McNealy
“Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price represents an opportunity that leads inventors and businesspeople to seek new ways to satisfy the shortages. Some fail, at cost to themselves. A few succeed, and the final result is that we end up better off than if the original shortage problems had never arisen. That is, we need our problems, though this does not imply that we should purposely create additional problems for ourselves.” IfsWayNeedsShouldDoeEndsProblemRunningOpportunityGrowthResultsGreaterFailingHigherCostSucceedIncreaseOriginalsFinalsPopulationDuesIncomeConsumptionNew WaysBetter OffInventorShortageScarcity Author:Julian Simon
“It is the good fortune of the affluent country that the opportunity cost of economic discussion is low and hence it can afford all kinds.” KindCountryOpportunityEconomicCostLowsFortuneAll KindsDiscussionGood FortuneAffluentOpportunity Cost Author:John Kenneth Galbraith
“Education and training for all children to be equal in opportunity in all schools, colleges, universities, and other institutions of training in the professions and vocations in life; to be regulated on the capacity of children to learn, and not on the ability of parents to pay the costs. Training for life's work to be as much universal and thorough for all walks of life as has been the training in the arts of killing.” ChildrenHas BeensArtSchoolOpportunityParentAbilityWalksPayCollegeCostEqualTrainingCapacityUniversalInstitutionsKillingUniversityProfessionVocationThoroughWalks Of Life Author:Huey Long
“I was accorded the opportunity to learn by failing - albeit at the cost of a few honourable teachers' sanity - and now I realise what a rare and incredible luxury that is.” OpportunityTeacherFailingCostIncrediblesLuxuryRealisingSanityOpportunities To Learn Author:Arabella Weir
“Our approach to existential risks cannot be one of trial-and-error. There is no opportunity to learn from errors. The reactive approach - see what happens, limit damages, and learn from experience - is unworkable. Rather, we must take a proactive approach. This requires foresight to anticipate new types of threats and a willingness to take decisive preventive action and to bear the costs (moral and economic) of such actions.” HappensActionOpportunityMoralRiskEconomicTypeBearsCostLimitsApproachThreatErrorsTrialsDamageWillingnessExistentialAnticipateForesightProactiveLearning ExperienceTrial And ErrorOpportunities To Learn Author:Nick Bostrom
“Sure, you can choose the safety and predictability of the cage, forfeiting the adventure God has destined for you. But you won't be the only one missing out or losing out. When you lack the courage to chase the Wild Goose, the opportunity costs are staggering. Who might not hear about the love of God if you don't seize the opportunity to tell them? Who might be stuck in poverty, stuck in ignorance, stuck in pain if you're not there to help free them? Where might the advance of God's kingdom in the world stall out because you weren't there on the front lines?” IfsWorldHelpingMightPainOpportunityLinesPovertyMissingFrontsIgnoranceAdventureCostLosingSafetyStuckKingdomsGod LoveCagesDestinedGeeseStaggeringMissing OutPredictabilitySeize The OpportunityOpportunity CostWild GeeseLosing Out Author:Mark Batterson
“Falling prices are driving renewable energy investment in India, which rose 13 per cent last year and is expected to surpass 10 billion dollars in 2015. Adoption of increasingly cost-effective renewables holds the genuine promise of a new age of socio-economic development, powered by clean, increasingly decentralised, and sustainable energy. The opportunity for India is tremendous.” YearsAgeLastsFallOpportunityEnergyEconomicDevelopmentPromiseCostIndiaDollarsRoseCleanInvestmentExpectedBillionsDrivingGenuineCentsLast YearAdoptionNew AgeRenewable EnergyEconomic DevelopmentSustainable Energy Author:Adnan
“In the end, robots do things that people can do. So there is a cost above which you can hire somebody to do it, and that bounds the opportunity.” PeopleEndsOpportunityCan DoCostBoundsRobots Author:Colin Angle
“By saying Make in India, we are not only inviting companies for cost-effective manufacturing, but also giving them an opportunity of a large market for their products.” GivingOpportunityCompanyProductsCostIndiaInnovationManufacturingInvitingMake In India Author:Narendra Modi