Economic decision-making
What Economic decision-making means in Economics A-Level, as defined for AQA.
Definition of Economic decision-making
Check what you remember
Read the wording for your board, then hide it and explain Economic decision-making in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Decisions made by all economic agents, such as consumers, firms and governments, about how to allocate scarce resources.
Topics that use Economic decision-making
- Scarcity, choice and the allocation of resources (AQA A-Level)
Related terms
Using Economic decision-making in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Economics questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
A week of Premium from your first lesson · Then the free plan continues · No card, no charge