The Road Not Taken

Two roads diverged in a yellow wood,
And sorry I could not travel both
And be one traveler, long I stood
And looked down one as far as I could
To where it bent in the undergrowth;

Then took the other, as just as fair,
And having perhaps the better claim,
Because it was grassy and wanted wear;
Though as for that the passing there
Had worn them really about the same,

And both that morning equally lay
In leaves no step had trodden black.
Oh, I kept the first for another day!
Yet knowing how way leads on to way,
I doubted if I should ever come back.

I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I—
I took the one less traveled by,
And that has made all the difference.

Application to Economics

The road not taken can be interpreted as making two choices. One choice is described as a very well maintained and often traveled-upon road. The other choice describes a road which hasn’t really been used. In this specific scenario, Frost takes the road which wasn’t often taken - which is a sacrifice he makes, and in turn he believes he has gotten a better reward. I guess you can sum it up as risk and reward, which is something that can be applied to economics.