If you're unfamiliar with the meaning of opportunity cost it is, most basically, the loss experienced when you choose one thing instead of the alternative. In other words, if you have five dollars and you go to the corner market and buy milk, you have essentially "lost" the opportunity of buying eggs or a magazine or something else that could have been of value to you. For the purpose of the lesson, the children simply had to familiarize themselves with the term and its application to economics, but I started to think about all the lost opportunities in my own life. I try very hard not to live with regret, but every so often I wonder what would have happened if I had made different choices or done things differently. What have been the opportunity costs of my life? What would I be now if I hadn't chosen this particular path? What sort of education did I give up when I chose to stay in public school instead of going away to that gifted program? How many loves did I miss out on because I chose to stay in your arms? I suppose the possibilities are endless.
That being said, there is nothing we can do to edit the past or rectify our mistakes so I believe it is pointless to rue. However, I think that the lesson comes in realizing that we make choices every moment we are here on this earth. Every minute is filled with decisions that alter the very courses of our lives. If you use your money to buy magazines or alcohol or the latest gadget, you cannot use it to travel or to donate toward a good cause. If you spend your time watching television, you cannot spend it on good conversation or literature or meditation. Our worlds are riddled with choices and the lost opportunities that come as a result. What will you do with the next five years? What will you do with the next five minutes? I hope you make the right choice.
The opportunity cost of a life is virtually infinite. We make choices every minute.
ReplyDeleteThe only bad choices are those made by others for you.
Thank you for your comment, Laurent. How very true! I will be sure not to let anyone mold my life except me :)
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