No-one can “opt out” of economic issues and decisions. Our only options are to be informed, uninformed, or misinformed
& Thomas Sowell, Basic, Economics, 2015
Econimic Thinking
- What do I need/want
- not enough thought about why one wants
- FOMO influences buying decisions
- What are my options?
- not researching other offers
- what are the costs (including Opportunity Cost) and benefits of different options
- What are the consequences of my choises
- myself, others, enviroment
FOMO … fear of missing out