What a ridiculous, non-news article!
Today, while the cost of lunchboxes, calculators, and pencil cases have come down, the rise in demand for technology means parents face having to find a small fortune for the Back to School rush.
Opportunity Cost is a key concept in Economics, and is tremendously useful outside that discipline. It is especially pertinent in the sphere of education technology. It is defined as: the next best alternative foregone.
Unlike the more familiar idea of financial cost, opportunity cost can change its value according to both contextual and subjective factors.<