| A | B |
|---|
| opportunity cost | the value of your next best alternative |
| basic needs | ingredients needed to maintain life |
| values | principles by which people live |
| personal preferences | your like or dislikes |
| income | the money you earn |
| leisure time | free time to enjoy life |
| collective values | things important to society |
| legal protection | the desire of preserving legal and personal rights |
| employment | people work because it is expected |
| progress | to get better |
| innovations | new ideas that bring change |
| Define the problem | step 1 |
| obtain accurate information | step 2 |
| Compare Choices | step 3 |
| Make a decision | step 4 |
| take action | step 5 |
| re-evaluate | step 6 |
