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Anna007 [38]
3 years ago
6

What is Opportunity cost and provide an example (own words)

English
1 answer:
RideAnS [48]3 years ago
7 0

Answer:

When economists refer to the “opportunity cost” of a resource, they mean the value of the next-highest-valued alternative use of that resource. If, for example, you spend time and money going to a movie, you cannot spend that time at home reading a book, and you can't spend the money on something else.

Explanation:

Also can u pls mark me brainliest im new

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MISCONCEPTIONS:

Fluency means comprehension. This misconception is related to the idea that your proficiency in a language is somehow a measure of your effectiveness in communicating.  

If people don’t agree with you, then they misunderstood. Overconfidence in the truth or righteousness of your message can sometimes result in an assumption that everyone will agree with you.

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One message fits all. If all humans had identical needs, experiences, and aspirations, perhaps one type of communication would be feasible. Since we have unique needs or at least groups of people have unique needs, then we have to tailor communications to match our various audiences.

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BARRIERS:

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Psychological. There are various mental and psychological issues that may be barriers to effective communication. Some people have stage fright, speech disorders, phobia, depression etc. All of these conditions are very difficult to manage sometimes and will most certainly limit the ease of communication.

Physical. These are the most obvious barriers to effective communication. These barriers are mostly easily removable in principle at least. They include barriers like noise, closed doors, faulty equipment used for communication, closed cabins, etc.

Perception. Different people perceive the same things differently. This is a fact which we must consider during the communication process. Knowledge of the perception levels of the audience is crucial to effective communication. All the messages or communique must be easy and clear. There shouldn’t be any room for a diversified interpretative set.

Attitude. Certain people like to be left alone. They are the introverts or just people who are not very social. Others like to be social or sometimes extra clingy. Both these cases could become a barrier to communication. Some people have attitude issues, like huge ego and inconsiderate behaviors.

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