S E31: Investment - Upfront costs for future gains
Think Like An Economist
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How to Make Good Investment Decisions
Investment is spending that boosts the economy to day and allows businesses to produce more in the future. This episode we've looked at how businesses make investment decisions. Are their lessons for us, even if we don't run a business? The same principles apply whenever you need to decide whether to incur an up front cost for a benefit you'll enjoy in thefuture.
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