In Economics sunk cost is defined as the cost already incurred and cannot be retrieved or recovered.
Rationally, we should make decisions based on the future value of investments, goods, services, and other choices in life. Well, that’s true for the “Econ” (the...
Read moreCatch me today January 14, 2014 at ANC On The Money as we discuss women and investing. It airs at 3:30, 6:30 and 11:30 pm. You may also watch it at your preferred time on iwanttv.com.