Collect as an assignment. Remind students that using the grid as a tool to organize information will result in better decisions. This process will become internalized with experience. Because entrepreneurs have a great desire to be in control, they are faced with more decisions than other people. Knowing how to make good decisions is an important internal skill which builds self-confidence and has an impact on the direction in which an individual moves.
All economic decisions require risks and have both costs and benefits.
With experience, a structure of this kind becomes automatic and often helps people develop confidence in their decision making. A six-step method of solving economic problems. Information learned from good or bad decisions that helps you make better future decisions. Getting a little more of one option in exchange for a little less of something else.