Anonymous
Anonymous asked in Social ScienceEconomics · 1 month ago

How do unseen costs make it difficult to decide if it is better for government or private companies/people to spend our money?

How do unseen costs make it difficult to decide if it is better for government or private companies/people to spend our money?

Provide an example using a “seen” and “unseen” cost to prove your answer.

1 Answer

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  • Oiy
    Lv 5
    1 month ago

    The opportunity cost such as living in your own house cannot be included in GDP even it should. It's unseen and unthinkable to collect the data for the government.

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