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opportunity cost Opportunity cost refers to the value of the most valuable alternative that is given up when making a choice. In other words, since resources (time, money, etc.) are limited, if you choose one option, you cannot choose another, and the best alternative given up at that time is the opportunity cost. • Highest value among the alternatives given up: The opportunity cost is the highest value among th.. 2025. 7. 5.
Young Old Young Old refers to young seniors between the ages of 55 and 75. They are a generation that has just entered old age, but has health, assets, and income. Unlike the elderly of the past, they are characterized by active consumption and participation in social activities. · Economic and social vitality: Young-olds invest generously in travel, self-development, and hobbies, and in developed count.. 2025. 7. 5.
Family Family (食口) is a word that refers to people who live together in one house and eat together, and in Korea it is used to mean a 'meal community that eats from the same pot'. It is used similarly to family, but while family is a concept centered on kinship, family excludes the concept of kinship and metaphorically refers to people who eat or work together in one house or workplace. Family is more .. 2025. 7. 5.
The sad reality of poverty being passed down 1. Inequality of educational opportunities: Due to economic difficulties, many people are placed in low-quality educational environments or drop out of school to work to earn a living. This leads to low education and lack of skills, making it difficult to get a quality job, and is a major cause of poverty. 2. Health inequalities: Economic hardship increases the incidence of chronic diseases by l.. 2025. 7. 4.
Family motto A family motto is a lesson given by the adults of a family to their children, and is a phrase that concisely expresses the moral virtues or guidelines for life that the family must adhere to. It helps family members to form a harmonious and happy family with the right mindset and attitude, and also plays an important role in forming the basic values ​​of social life. Family precepts usually teac.. 2025. 7. 4.
What is table-top economic education? Tabletop economic education is an educational method that fosters economic concepts and financial habits in children by naturally discussing the value of money and the economy during family mealtimes. It is a method traditionally valued in Jewish families in which parents and children constantly talk and practice making choices and decisions within a limited budget, and foster the ability to spe.. 2025. 7. 4.