Christmas Opportunity Cost....
Those of us with a little knowledge on economics must have come across opportunity cost but for the benefit of doubt, I will talk briefly on it.
Opportunity cost as I understood then means what was forgone to achieve the ones we achieved.
Let's take for instance that you went to market with a budget list of buying yam, rice, beans, Christmas goat and Salad, but then You arrived and as expected in this economic shambles of our country, the prices have increased from your already made budget.
But it's all about Jingle bells and you are meant to have something on your table.....
You then had to use your knowledge on scale of preference by buying the ones that you can't do without ( needs) and then doing away with the ones that you can survive without (wants).
Let's say you ended up buying Christmas goat, Salad, Rice and Beans but couldn't buy Yam....
It is said that Yam is the opportunity cost here.
Back to the topic of discussion, Christmas Opportunity Cost....
For us in the world of crypto, we all know the hit we all are facing and how scared we are about withdrawing even a dine this period.
So What Is Going To Be Your Opportunity Cost This Period?
This is the period of Christmas and it is never complete without enjoyment and merriment but of course, these comes with finance and finance comes from salary and from our earnings in hive.
So How Will We Enjoy This Period Without Money?
I really don't know my fellow hivers because I have been thinking about it all day and there seems to be no way out at all.
For an ideal Christmas celebration, we need to have;
- Rice
- Beans
- Chicken / Goat / Any meat you want
- Drinks
These are the basic needs for Christmas and I really pray for you my dear friend that your opportunity cost doesn't come from any of those four items above.
Merry Christmas and a Prosperous New Year
Thanks for reading through and have a wonderful day ahead 👍
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Thanks a lot
The present deep in hive currency is worrisome but as givers, who understood the nature of crypto should have planned for raining days such as this.
From dreamport
You're welcome