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The problem facing all humans is the fact that we have unlimited wants but we don't and can never have enough resources to satisfy these wants. This leads us to making choices thus making an opportunity cost. Opportunity cost is the cost of the forgone alternative

on this day in 1913, henry ford installs the first moving assembly line for the mass production of an entire automobile. his innovation reduced the time it took to build a car from more than 12 hours to two hours and 30 minutes.