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Consumers are faced with tough choices because so many innovative and exciting products and services are available. Therefore, engraining a decision-making process that includes considering of opportunity cost is necessary to shape future consumer behavior.
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benefit, budget, choice, costs, council for economic education, decision making, e.f.3 people cannot have all the goods and services they want and, as a result, must choose some things and give up others., econedlink, econedlink: opportunity cost, interest rate, save, savers, saving, savings, wants, opportunity costs
Classroom Considerations
- Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)
- The intended use for this resource is Instructional