Yoghurt Ice-cream Store ? – PDG S08/12 Group4
Scarcity
The situation that exists when there is an excess of human wants over what can actually be produced to fulfill these wants.
Youth
Capital
University fees
Setting up yoghurt stall
Opportunity Cost
The cost of any action or decision, measured in terms of the highest valued alternative forgone.
Other job opportunities
Further studies
Better job prospects
Higher income
Higher standard of living
Better quality of life
more satisfaction
Higher social status
Higher education level
Choice
Alternative or selection
University
Yoghurt Ice-cream stall