UNDERSTANDING

Economic S y s t e m s

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Six Steps

to Economic

Decision Making

Part 2:

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D efi n e

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t h e P r o b l e m

Step #1

I d enti fy

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C h o I c e s

Step #2

Evaluate

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A d va n ta g e s & D i s a d va n ta g e s

Step #3

CH O OSI N G https://flic.kr/p/83m4HG

O n e O p t i o n

Step #4

ACTI N G https://flic.kr/p/oWM763

O n t h at c h o i c e

Step #5

R evi ewi n g

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t h at D e c i s i o n

Step #6