Kategoriak: All - education - scarcity - resources - opportunity

arabera Gabriel Cheong 12 years ago

260

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Deciding between pursuing higher education or starting a business, particularly a yoghurt ice cream stall, involves weighing numerous factors. Scarcity of resources such as equipment, money, and milk, whose prices are rising, poses a significant hurdle for the business.

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Choice

Education in university

setting up of a yoghurt icecream stall

Opportunity cost

setting up a yoghurt stall

lesser salary
fewer job opportunities in the future

continue to study in the university

giving up of passion and love for setting up a yoghurt icecream stall
lesser working experiences

Q1.

scarcity

Qualification
Interest
Income
Resoures
money

high production cost due to the increase in price of milk

equipments
milk

In high demand = Future lack likely

workers

Hard to find workers willing to work for unexperienced employer

Time