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