If a Business Owner Is Using the Extra Space at Home

question 87

Essay

If a business owner is using the extra space at home for his business, does it imply a zero opportunity cost for the space?

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Definitions:

Peer Influence

The effect that the attitudes, values, and behaviors of peers have on an individual's own attitudes and behaviors.

Role Confusion

A situation in which individuals are unsure about their identity or role within a specific context, often occurring during adolescence as described by Erik Erikson's stages of psychosocial development.

Identity

The distinguishing character or personality of an individual; how one sees oneself in relation to groups, society, and as an individual.

Basic Trust

An essential belief in the reliability and predictability of the world, typically developed during infancy.