Opportunity cost is the value of what you are willing to pass on as the result of making a decision. Suppose you’re invited to a great party. But instead, you could try to ask out that person you had an eye on, to go and see a movie. To see the movie, you have to give up the party.
- Generation Microfinance: Charlie Javice Believes in the Power of Students to Alleviate PovertyPoverUp, which launched in April 2011, was named one of Inc. Magazine’s “11 Coolest College Startups,” and founder Charlie Javice, who is 19, was one of Fast Company’s “100 Most Creative People in Business 2011.” Javice, a student at The Wharton School, University of Pennsylvania, spoke with Knowledge@Wharton High School editor Diana Drake about building an online network that lets socially minded students learn, connect and invest in microfinance.
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