Republic of uzbekistan andijan machine-building institute fundamentals of business management

Familiarize yourself with the choices. 
It's only natural that you're faced with choices among alternatives. There are other options 
out there than spending $75 on shoes or pizza and a movie, maybe you can put it toward your 
regular day-to-day expenses or save it for college. What's important is that you look at all the 
alternatives when making a decision and choose the best one. it is in your choice of good. 
Evaluating whether each choice is useful or not. 
Before writing your decision, you should be familiar with the pros and cons of each choice. 
If you buy a pair of shoes, you'll probably wear them for a long time, but you'll have to give up the 
pleasure of having pizza with your friends. can determine a convenient way. 
Choosing the best alternative. 
When choosing a choice, you have to believe that it is the best for you at a given time. 
Although you may have done a good job in the first three steps, the next step may be difficult. 
Your choice has consequences now and in the future. you need to be sure. 
Execution of the selection. 
First you have to decide which is the best choice and you have to make the choice even if 
. If you have decided to spend your money on a movie and pizza with your friends, you should do 
it and enjoy it. You should not worry about the decision you made. Rethinking the choice or 
regretting the decision you made will negatively affect your future decisions. Life is full of choices. 
It doesn't matter what you do, you have enough time to carefully consider the alternatives. The last 
step allows you to get rid of such situations. 
Review the decision. 
It is important that you reconsider your choice when you have the opportunity to examine 
the outcome of your decision. On a scale of 1-10, how would you rate your enjoyment of your 
decision? What is bad and what is good on this scale? If you could do it over again, would you do 
it again? Do you know what it's like and have you thought of a better alternative? Are you not 
satisfied with the previous result? 
How would you use this stage of the decision-making process based on reconsidering your 
decision? This stage allows you to think about your decision and 

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next time you are faced with the same decisions, it may give you comfort or it may help you to 
make different decisions based on what you have learned. 
Some decisions have to be made quickly and some lack sufficient information. But in either 
case, the decision-making process will help you make an informed decision. 
Three economic issues
Every country in the world has to deal with a major economic problem. No country has 
unlimited resources, and every country has citizens with essential basic needs for food, shelter, 
education, and health.
To determine how useful resources are used to satisfy needs and wants, each country must 
answer 3 economic questions.
1. What products and services are produced?
2. What products and services are produced?
3. What needs and desires are satisfied with the products and services produced?
How these questions are answered will show what kind of economic system exists in that 
country.