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Essay text:
It indicates an opportunity cost, the amount you lose in investing in one option compared to choosing another. The Gautrain Project represents primarily as a capital intensive project, having an expected R20 billion pumped into the project. This indicates on the Production Possibility Curve an investment in more capital than consumer goods. The opportunity cost represented here is that of the funds utilized for the project which could have been used for more pressing consumer needs such as housing. However on the other spectrum one has to consider the anticipated economic spin-offs this project will create...
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Common topics in this essay:
- Changes And Trends In Management: Infrastructure
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