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Tag Archives: opportunity cost

5 Ways To Spend Your Weekend That Doesn’t Involve Cleaning

Some of you work Monday through Friday, and some of you don’t. Wherever your weekend lies, is a world of opportunity that can be better spent doing things other than cleaning. Hiring a service doesn’t mean you’re lazy, it just means that you value what free time you have. So here’s a short list of things […]

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The Economics Behind Using a Maid Service

This is one of my favorite blogs, I wanted to share it again!  It really makes the case for hiring a maid service if you have a busy life or just prefer to spend your free time with your family or doing something you enjoy. Opportunity cost is the value of the next-best choice available.  Opportunity […]

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Opportunity Cost

Opportunity cost is the value of the next-best choice available.  Opportunity costs are not restricted to monetary or financial costs: the real cost of output forgone, lost time, swag, pleasure or any other benefit that provides utility should also be considered. While opportunity cost is a term used in economics, it is also something I apply to my […]

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