Costs and Benefits

Remember, they are always judging. (Pointless rant)

 

Just wanted to share a bit of what I learned in economics two years ago, because I’m about to relearn it soon.

When benefits = costs, people are usually encourage to do the action even if there is zero benefit, but every now and then, there will be a deviant. (In human relations, even when costs > benefits sometimes, you should still do the action because humans aren’t always rational.)

How can you really know if costs > benefits though, if you’re always just looking at short-term profits? Some businesses require long-term investments, but they can earn you quite a bit if you’ve got the patience and time.

So, simply to say, even when costs > benefits sometimes, in the long term benefits > costs.

(Yeah, I’m always judging. *looks pointedly at college, parents*)

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