Opportunity Costs

In economic terms, opportunity cost is the decision to produce or consume a product. There is a gain in both and a negative if you go with one or the other.
An example of opportunity cost in every day life is if I decided to get a part time job instead of focusing 100% on school. If I get the job I can save money for college but it oculd distract me from school and cause my grades to drop. If I stay commited to school and nothing else, I'll have the grades but not the money for me to go to college.
Everyday life is an opportunity cost.

Economic Systems

A traditional economy whose decisions are based on religion, habits and customs.
A centrally planned (command) economy is inspired by the Soviet Union and is organized and controlled by central administration.
A market economy is a free market with voluntary exchange; capitalistic economy, no central control.
A mixed economy allows private and public enterprises to operate at the same time.

Stock Market Game- Initial Investment Strategy

Stocks can usually make or break someone's initial investment. I plan on investing in one major company that stays static. Then I think the way I would make profit is to take a risk in smaller companies and buy 100 - 200 shares of each. I'm not too nervous about losing the money because it is a learning experience. The smaller shares in my opinion will make most of my profit and even if the stock goes down, I still have the major company to keep my profit at a decent balance.

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