It is the second best alternative they have to sacrifice when they decide to choose something rather than the other. ... When we make a choice, we forgone the next best alternative, and that is the opportunity cost of doing our choice. As example, if we decide to go to school in other country, we will have to spend less time with our family, and that is our opportunity cost. ... We have to make a choice between a lot of things, and lose the next best alternative everytime we do so. ... But the reality is we have to make a choice of our priority and sacrifice the next best alternative, henc...

• Word Count: 506
• Approx Pages: 2
• Grade Level: High School

Ziai more or less defines this movement as placing an emphasis on alternatives to development via grassroots, local and regional movements. ... What he takes particular offense to is the notion of "alternatives to development," precisely because no post-development theorist provides concrete alternatives. ... Hence treating all the different strains of post-development as a whole coherent school of thought leads to these criticisms. ... Among these false perceptions include the view that the people of Lesotho have not had modern conveniences of schools, hospitals and roads even afte...

• Word Count: 3546
• Approx Pages: 14
• Grade Level: Graduate

She's able to explore her opportunities by being able to help her parents, maybe get a used car for herself instead of taking public transportation, or rent a nice apartment near campus, and vacation in the future other than just sticking to one alternative, because she'll continuously be confronted with superior problems that will cost more than what Martha bargains for. Saving the money in a high interest fund will help her future by The reason why just sticking to one alternative like Martha devoting in a used car is not a noble idea because when buying a used car, there will be ...

• Word Count: 1114
• Approx Pages: 4
• Grade Level: Undergraduate

Information failure is apparent as if information of delays and congestion could be relayed, alternative routes could be taken and congestion reduced. However the market does not give such signals, this could never be a perfect solution, as the congestion would eventually transfer to the alternative route, and an alternative may not always be available anyway. ...

• Word Count: 1857
• Approx Pages: 7

"The assimilation of the British business classes to the social pattern of the gentry and aristocracy had proceeded very rapidly from the mid nineteenth century, the period when so many of the so called ` public schools ` were founded, or reformed by finally excluding the poor for whom they had originally been intended. ... Unfortunately the public school formed the model for the new system of secondary education, which the less privileged sectors of the new middle class were allowed to construct for themselves after the Education Act of 1902, and whose main object was to exclude from higher e...

• Word Count: 3250
• Approx Pages: 13
• Grade Level: Undergraduate

For example, in El Salvador, Shell is using its innovative technology and vast drilling experience to tap into the heat deep below the Earth's surface, an alternative source of energy of great potential. ... The debate about globalisation's benefits and drawbacks is split: - One school of thought argues that progress and the eradication of poverty are best achieved by allowing global markets to emerge...

• Word Count: 1675
• Approx Pages: 7
• Grade Level: Undergraduate

"Money makes the world go 'round." Sports could not exist without the presence of money. You have high paid athletes asking for multi-million dollar contacts, while at the same time you have doctors not even making close to that amount. There are corporation buying out sports teams, buying stadiums,...

• Word Count: 5027
• Approx Pages: 20
• Grade Level: High School