Answer:
People make choices about what to buy.
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
Hence, the opportunity cost of buying a product is the utility (satisfaction) that could be derived in another product using the same amount of money.
For example, if you decide to use your money to buy a Playstation 5, your opportunity cost would be the satisfaction you could have derived if you had invested the same amount of money in buying a bike for easy transportation.
Hence, opportunity costs exist when people make choices about what to buy.
The democrats and republicans have influenced our current political system by sharing most of the same values and views with the American people. As their party members and those who associate themselves tend to lead more toward what the party wants.
Answer:
Memories are a vital component of our bodies. They shape our personality as all our knowledge and past experiences are stored there. All of us have memories, both good and bad. You have memories from long ago and also from recent times. Furthermore, some memories help us get by tough days and make us cheerful on good days. Memories are the little things which help in running our lives smoothly. In other words, memories are irreplaceable and they are very dear to us. They help us learn from our mistakes and make us better. In my opinion, one’s childhood memories are the dearest to anyone. They help in keeping the child in you alive. Moreover, it also is a reason for our smiles in between adult life.
Importance of Childhood Memories
Childhood memories are very important in our lives. It makes us remember the best times of our lives. They shape our thinking and future. When one has good childhood memories, they grow up to be happy individuals. However, if one has traumatic childhood memories, it affects their adult life gravely.
Thus, we see how childhood memories shape our future. They do not necessarily define us but they surely play a great role. It is not important that someone with traumatic childhood memories may turn out to be not well. People get past their traumatic experiences and grow as human beings. But, these memories play a great role in this process as well.
Most importantly, childhood memories keep the inner child alive. No matter how old we get, there is always a child within each one of us. He/She comes out at different times.
For instance, some may act like a child on seeing swings; the other may get excited like a child when they see ice cream. All this happens so because we have our childhood memories reminding us of the times associated with the things we get excited about. Therefore, childhood memories play a great role in our lives.
