when someone is making an economic decision, what is meant by the \long - term costs\ of that decision?\no…

when someone is making an economic decision, what is meant by the \long - term costs\ of that decision?\no what the person has to pay financially for what they want to have now\no what the person regrets about their decision to purchase something now\no what the person is giving up in the future to have what they want to have now\no what the person must earn in the future to pay for what they want to have now

when someone is making an economic decision, what is meant by the \long - term costs\ of that decision?\no what the person has to pay financially for what they want to have now\no what the person regrets about their decision to purchase something now\no what the person is giving up in the future to have what they want to have now\no what the person must earn in the future to pay for what they want to have now

Answer

Brief Explanations:

In economics, long - term costs refer to the future sacrifices made to obtain something now. It's about the opportunities forgone in the future due to current consumption or decision - making.

Answer:

what the person is giving up in the future to have what they want to have now