Prioritization - The process of determining the importance or order of tasks, activities, or items based on specific criteria. It involves ranking and organizing elements to focus on the most critical ones first, ensuring efficient use of resources and time., Portfolios - A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds, Digital currency - It is not physically tangible, like a dollar bill or a coin. It is accounted for and transferred using online systems., Tariff - A tax on imported goods and services, typically aimed at increasing their cost over domestic goods and services, thus safeguarding domestic industries., Sustainability - The capacity to maintain practices without harming the environment or compromising the well-being of future generations, balancing current needs with long-term preservation., Resource allocation - The process in an economy or organization is the distribution of resources, such as cash, labor, materials, and time, among others., Scarcity - The demand for a good or service is greater than the availability of the good or service, it can limit the choices available to the consumers., Incentives - Are financial motivations for people to take certain actions. Stated another way, it can make people do something they wouldn't otherwise do., Globalization - The word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information., Utility - A term used to determine the worth or value of a good or service. More specifically, that is the total satisfaction or benefit derived from consuming a good or service., Opportunity - The value the company forgoes when choosing one option over another, whether the loss is monetary or use of time or energy., Productivity - A measure of economic performance that compares the amount of goods and services produced with the amount of inputs used to produce those goods and services., Isolationism - The political principle or practice of showing interest only in your own country and not being involved in international activities, Interconnection - The concept of interconnectedness or interdependence between different sectors, industries, or parts of an economy. It recognizes that economic activities and variables are often linked and mutually influenced by each other., Inflation - The sustained and general increase in the prices of goods and services in an economy over a period of time. It represents a decline in the purchasing power of money, as the same amount of currency can buy fewer goods and services than before., Innovation - The introduction of new ideas, methods, products, or technologies to bring about positive change and improvement in various fields., Elasticity - It often describes how the quantity demanded or supplied of a good or service changes in response to shifts in factors like price or income., Efficiency - Refers to achieving maximum results with minimal wasted resources, time, or effort. It involves optimizing processes to accomplish tasks or produce outcomes more effectively., Interdependence - The mutual reliance and interconnected relationship between entities, where they depend on each other for support or cooperation., Misjudge - Forming an inaccurate opinion or assessment due to mistakes, biases, or misunderstandings.,

BRAINSTORM

by
Print
Embed

Leaderboard

Visual style

Options

Switch template

Continue editing: ?