Chapter 2, Problem cFCT

To determine

Opportunity cost of Sustainable Development Goals

Concept introduction:

Opportunity Cost: Opportunity cost is an implicit cost. Opportunity cost is the amount of a product or service that needs to be given up (forgone) to avail more of the next best alternative. The price paid for the next best decision is called the opportunity cost.

Sustainable Development Goals: The sustainable development goals (SDGs) are a novel, common set of goals, objectives and pointers that UN member states will be likely to inculcate in framing their policies over the next 15 years. The Sustainable Development Goals (SDGs) are the common set of goals also known as the Global Goals are framed with objective to end poverty, sustain and protect the earth and ensure peace and prosperity.