In economics its called opportunity cost. What that cost is is different for everyone though. For the hypothetical panhandler standing on the corner it may be $0.00 versus the time lost driving across the the valley for a 'great deal.' For the hypothetical doctor or lawyer the 'great deal' needs to be much larger or the time needs to be much smaller to offset the lost opportunity of other options. ie. standing on a corner or doctoring so to speak.
good point
"how much is ones 'time' worth ???!?!!!!!!!!"
(monetary and otherwise)
we have a person who helps us out around the house
she rides the bus 2 hours each way to get here = ((((4 hrs/day on bus)))))... SEEMS IMPOSSIBLE but its something she reports she 'enjoys' doing or atleast doesnt mind anyway (and we do pay her 'well')- likes to read books and stop at different places a long the way, seeing friends etc (of course she would rather have a car!) says she has been doing it for a long time so she is used to it...
so perhaps 'how-much-her-time-is-worth' (working this job)
has more 'worth' or 'value' for the freedom it brings... VS working a regular job 8-5 where she would just go to/fro - home/work and never get out or do anything else... ???
and referring to the example above
the HOMELESS PANHANDLER might 'value' his 'free-time' so much
that HE DOESNT WANT TO WASTE HIS TIME GETTING A REGULAR JOB thus sitting on a corner begging (which is working for oneself - being an entrepreneur - on whatever level its operating from)...
i could understand this - maybe i need to become a panhandler!!!???!!!!!
regarding pick up/delivery of frags equipment etc etc
thought it was supposed to be.......... free AND delivered !!!!!!
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isnt that the deal around here ?!?!?!!!!!!
regards