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What is the economic term for Having to choose between two things?
Opportunity Cost.
What is the legal term for law making that covers future things not thought of when making the law?
Ejusdem Generis
What is ceterius paribus?
Ceterius paribus is commonly used economics term meaning "all things being equal". It used to simply economic analysis. Ceterius paribus is commonly used economics term meaning "all things being equal". It used to simply economic analysis.
What is the definition of social justice?
Social justice is a term that is used loosely to describe economic equality. There have been movements throughout history which focused on making sure that everyone had the same economic situations.
which term describes the process of making an economic decision by considering both the advantages and the problems that might arise from the decision?
Cost-benefits analysis
What are the economic tools of managerial decision making?
what are the economic tool which help manager in decision making
How does research help in decision making?
Because you will know the in and out of what you are planning. for a short term or long term. the information gathered in research give you a idea about many things.
Which best explains why the game of economics is about setting goals as much as it is about making allocation decisions?
There are different and incompatible economic goals.There are different and incompatible economic goals.different people want different things out of life.
How does marketing research help in making decisions?
Because you will know the in and out of what you are planning. for a short term or long term. the information gathered in research give you a idea about many things.
If choosing something means you give up something else what is the economic term for this?
The economic term for the cost of a choice is the opportunity cost.
What economic term for what you lose when using resources for something else?
The economic term for what you lose when using resources for something else is known as opportunity cost.
Define the term promoting independence?
promoting independence means that you are making vulnerable people look after and do things for themself. instead of the care worker doing things for the clients
