User:Toubizac

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My Civil engineering topic is 'Opportunity Cost' Can we include how the scarcity is related to the choice and opportunity cost.' First, in society human being use scarcity resource to satisfy unlimited wants.The important thing of economic is the goal to manage the scarcity resource that the world has with unlimited wants of people desired . Therefore, we must make a choice either in business field for production of goods and services even those that used to be non economic goods back days such as air, sunlight have become economic good now days because they contribute to produce wind power energy, solar energy, which are green energy today option in efficiency manner or on the consumer side for the constrain of the budget. As the result, we will always face many choices for scarcity resource that will lead to the opportunity cost by evaluating what we are losing as what we gain with a choice of alternative options we made. Defining Economics - 2012 Book ArchiveScarcityChoice modelling.