| A | B |
| decision making | The process of determining which wants we can have at a particular time. |
| goals | Aims or objectives |
| needs | Things we must have in order to stay alive. |
| goods | Objects that can be weighed or measured. |
| opportunity cost | What we give up in making one choice over another. |
| priorities | The order of importance of doing things. |
| resources | Anything that people can use to make or obtain what they want or need. |
| services | Tasks people or machines perform to satisfy wants for nonmaterial things. |
| values | Qualities that we prize and think are important. |
| wants | The things we wish we could have. |