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Economics is all about 2 things-Choice and Scarcity of resources.
So you always have to make a decision if you want to produce say, either Wheat or guns with 'X' amount of resources. You can produce either only wheat,or only guns,or both-in parts.
In any case you are producing one at the cost of other-THAT is the opportunity cost-cost of thing forgone for producing the other.
This is where a decision needs to be made because resources are limited.
So you always have to make a decision if you want to produce say, either Wheat or guns with 'X' amount of resources. You can produce either only wheat,or only guns,or both-in parts.
In any case you are producing one at the cost of other-THAT is the opportunity cost-cost of thing forgone for producing the other.
This is where a decision needs to be made because resources are limited.
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