At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.
Sagot :
The two important factors individuals, businesses, and governments must consider when making economic decisions are external resources and internal choices.
What are economic decisions?
Economic decisions are value-driven decisions in a world of limited resources or scarcity and unlimited wants.
To make effective economic decisions, choices must favor the decision-maker. Making choices involves taking into account many variables to help to reach effective conclusions.
Economic decisions for limited resources focus on:
- Production
- Distribution
- Exchange
- Consumption
- Savings
- Investments.
For example, an individual seeks employment to earn money to satisfy their needs.
Thus, the two important factors when making economic decisions are external resources and internal choices.
Learn more about making economic decisions at https://brainly.com/question/5136048
Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.