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Also called an opportunity set. The set of all possible consumption bundles that an individual can afford, given the prices of goods and the individual's income level. The budget set is bounded above by the budget line. Graphically speaking, all the consumption bundles that lie inside and on the budget constraint form the budget set.
Kairos. Kairos ( Ancient Greek: καιρός) is an ancient Greek word meaning 'the right or critical moment'. [ 1] In modern Greek, kairos also means 'weather' or 'time'. It is one of two words that the ancient Greeks had for ' time '; the other being chronos ( χρόνος ).
The economics term cost, also known as economic cost or opportunity cost, refers to the potential gain that is lost by foregoing one opportunity in order to take advantage of another. The lost potential gain is the cost of the opportunity that is accepted. Sometimes this cost is explicit: for example, if a firm pays $100 for a machine, its cost ...
Opportunity cost, as such, is an economic concept in economic theory which is used to maximise value through better decision-making. In accounting, collecting, processing, and reporting information on activities and events that occur within an organization is referred to as the accounting cycle.
In Western popular culture, the Chinese word for "crisis" ( simplified Chinese: 危机; traditional Chinese: 危機; pinyin: wēijī, wéijī[ 1]) is often incorrectly said to comprise two Chinese characters meaning 'danger' ( wēi, 危) and 'opportunity' ( jī, 机; 機 ). The second character is a component of the Chinese word for opportunity ...
Daffinee makes fun of Pinky for having bad breath. When she has an opportunity to make fun of Daffinee, Pinky learns to treat people the way she wants to be treated. Great Big Fancy Word Game What was my Big Idea? October 4, 2008 58 3b Kooky Cook-Off collaborate
Opportunity (rover), a robotic rover on Mars. Business opportunity. Equal opportunity. Market opportunity. Means, motive, and opportunity, a popular cultural summation of the three aspects of a crime needed to convince a jury of guilt. Political opportunity. Window of opportunity.
Opportunism is the conscious policy and practice of taking advantage of circumstances. [1]Although in many societies opportunism often has a strong negative moral connotation, it may also be defined more neutrally as putting self-interest before other interests when there is an opportunity to do so, or flexibly adapting to changing circumstances to maximize self-interest (though usually in a ...