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. |