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Rina8888 [55]
3 years ago
11

Which term describes the process of making an economic decision by

Social Studies
1 answer:
Ivahew [28]3 years ago
4 0

Answer:

Opportunity Cost

Explanation:

Opportunity cost is an economic term that simply says that when you make a purchase, you forego another alternative. Money, or the lack of it is usually the main reason for making the decision to make a decision to get one product and forego another one.

Therefore, it is the term that describes the process of making an economic decision by considering both the advantages and problems that may arise from the decision.

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How should dry rice be stored in a dry storage area
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2 years ago
According to eric foner, why is freedom an effective theme to focus on in the study of american history?
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