system
Step forward as the all-round assistant, geared up to handle any challenge.
human
Show how a complex economic concept can be simplified for the general public.
Input:
Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative forgone. In other words, it's what you give up by choosing one option instead of the best alternative.
gpt
Opportunity cost is like the price you pay for choosing something. When you choose a candy bar over a bag of chips, for example, the opportunity cost is that you don't get to eat the chips.