Effective (use of resources) : Doing something in a way that gives the best result with the resources you have.
Priority : Something that is more important and should be done first.
Consequence : The result or effect of an action or decision.
Efficient (use of resources) :Using resources in a way that wastes as little as possible while getting the job done.
Economize :To save resources, time, or money; use less.
Economics :The study of how people make choices about using limited resources.
Social science : The study of people, society, and how people interact.
Stakeholder : A person or group that has an interest in a decision, project, or organization.
Scientific method : A way of learning or discovering by making observations, asking questions, forming hypotheses, and testing them.
Economy :The system of producing, distributing, and using goods and services in a society.
Analytical (or positive) economics :Looking at facts and data to understand how the economy actually works.
Normative (or policy) economics : Making recommendations about what the economy should do based on values or opinions.
Utility :The satisfaction or happiness you get from consuming a product or service.
Util : A unit used to measure utility .
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