Opportunity cost, to me, means when you have to make a decision between two things. If you choose option A, then you lose what option B has to offer, but if you choose B, then you can't experience option A. Some opportunity cost decisions are easy and simple to make, like which candy bar you want to buy at the store. However, on the other hand, some can be difficult and life changing, such as college or career choices.
The most recent large opportunity cost decision I had to make was when I got invited to go to France, Italy, Monaco and Spain for two weeks with my best friend last summer. It seemed like a no brainer at first, Europe would be awesome. But the opportunity to be a camp counselor at a summer camp that my sister has gone to for her whole life arose. It is for diabetes and I thought I would be a good fit since I grew up around diabetes and know a lot about it.
I was extremely torn at first. I talked to my whole family about it, and they all told me the exact same thing. The opportunity to be a summer camp counselor comes around every summer, while a trip around Europe is once in a lifetime. Although I wouldn't gain experience working with children or get paid, I would get to experience sights and events that only some people are lucky enough to have in their lifetime. Overall, the decision I made to travel to Europe next summer was the best choice. The opportunity cost was that I wouldn't be getting paid or experience with children. However, those are minimal costs when I compare the experience that I am going to get in Europe next summer.
QUESTION:
This makes me wonder how hard it was for my dad to decide what career path he wanted to take?
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