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How is the opportunity cost of economic growth in Russia determined?
I was wondering about the opportunity cost of economic growth in Russia. How is that determined?
Opportunity cost is the cost of forgoing an alternative choice in order to pursue a certain action. In the case of economic growth in Russia, the opportunity cost could be measured by considering the resources that were used in achieving that growth versus the resources that could have been used to address other needs or pursuits. Does that make sense?