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What is economics? - Coggle Diagram
What is economics?
Choice
Cost of your decision
Needs and wants
Money management
Profits & loss
Financial Decisions
Risks
Prioritising
Budgeting
Investing and investments
Decisions impact us
Time & resources
Economy
Receive money
Saving money
Spending money
Borrowing money
Behaviour
Households
Businesses/organisations
Insurance
Allocation of resources- Time, money, skills and resources