how about more houses instead of super mega mall ?
It's not possible to use a piece of land for multipurpose. If the government use a piece of land to build more houses, it's impossible to use the same piece of land to build a nature reserve.
The cost of not being able to use the same piece of land for the next best use is called opportunity cost.
For the case above, the cost of building more houses is not having a natural reserve.
Here is the example of opportunity cost :
No comments:
Post a Comment