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Re: [LUG] GLUG - free and non-free



On Tue, 2004-10-12 at 19:08, Alex Charrett wrote:

It's not rubbish, as I've said opportunity cost is not necessarily
financial but you sacrifice the ability to do something else in that
piece of time.

"Just to clarify"..

Economic cost is based on how scarce resources are.   Gold is scarce so
therefore it is expensive, mud is plentiful and therefore cheap.  Your
time is finite and therefore using it one way prevents you doing
something else with that same piece of time, that is the cost to you.

Alex. 


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