[TEA-T3] CIA4U Anal ...

Effective (use of resources):
Using resources in a way that successfully achieves a goal.

Priority:
Something that is more important than other things and needs attention first.

Consequence:
A result or outcome caused by an action or decision.

Efficient (use of resources):
Using resources with minimal waste to get the best possible results.

Economize:
To reduce spending or resource use by being careful and saving.

Economics:
The study of how people use limited resources to satisfy unlimited wants.

Social science:
A field of study that explores how people behave and interact in society.

Stakeholder:
Someone who has an interest or concern in a situation or organization.

Scientific method:
A step-by-step process of asking questions, gathering data, testing ideas, and drawing conclusions.

Economy:
A system where goods and services are produced, distributed, and consumed.

Analytical (or positive) economics:
The branch of economics that explains and predicts economic events without making judgments.

Normative (or policy) economics:
The branch of economics that suggests what should be done based on values and opinions.

Utility:
The satisfaction or benefit a person gets from using a product or service.

Util:
A simple unit used to measure the amount of satisfaction or utility gained.