Paying off Debt Versus Spending on Welfare by the Government - Deepstash

Paying off Debt Versus Spending on Welfare by the Government

A country’s government is preparing its budget. It has some surplus which can be used for paying off its debtor or it can be used for introducing some welfare schemes for its citizens such as subsidies.

If it pays off its debt instead of a welfare scheme, it would be classified as an opportunity cost for its citizens.

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I’ve got 99 problems and I’m not dealing with any of them.

Opportunity cost examples that provide an outline of the most common Opportunity Cost.

The idea is part of this collection:

What Is Opportunity Cost

Learn more about moneyandinvestments with this collection

The impact of opportunity cost on personal and professional life

Evaluating the benefits and drawbacks of different choices

Understanding the concept of opportunity cost

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