If society decides it wants more of one good and all resources are fully utilized, then it has to give up some of another good and incur some opportunity costs.
Opportunity cost is a concept in Economics that describes those values that are lost by a business, business owners, or organizations when they choose one option or an alternative option over another option, in the course of making business decisions. In simple words, it can be said to value is lost when a business is choosing between two or more alternatives. From an investor's perspective, opportunity cost will always mean that the investment choices made will be carrying immediate loss or gain in the future.
To learn more about opportunity cost, visit;
https://brainly.com/question/13036997
#SPJ4
