Opportunity Cost

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Opportunity cost is a common term in Economics. In definition, it means:

The cost of an alternative that must be forgone in order to pursue a certain action.
Investopedia provides economics dummies like myself an example that illustrates the concept very well.
If a gardener decides to grow carrots, his or her opportunity cost is the alternative crop that might have been grown instead (potatoes, tomatoes, pumpkins, etc.).
What else? I love the way Liu Yong (famous writer) put it.

我们都只有一生,选了这个,很可能就永远失去了那个. 如同我的学生所说,他假使选择美术系,今天可能不是成功的大老板,而是伟大的画家.



I have a choice to make. A choice between working as a well-paid professional, or to pursue a new journey in telecommunications. There is no way to do both. I can only hope that I don't live to regret my final call.