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Effective Decision Making

Social Studies, Grade 3

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Study Guide Effective Decision Making Social Studies, Grade 3

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EFFECTIVE DECISION MAKING What are Decisions? Decisions are choices people make. Whenever a choice is made, something is given up. What does effective mean? Effective is an adjective that means producing a satisfactory or desirable conclusion. A conclusion is a decision reached after thinking about facts and details. People’s choices about what goods and services to buy or consume determine how resources will be used. The opportunity cost of a choice is the value of the best alternative given up. Economic choice - decision to buy one thing instead of another. Opportunity cost - what you give up when you choose to buy one thing instead of another. Free Market - trade in which people choose what to produce and what to buy. Here are some steps to help make effective decisions. 1. Identify the problem. What do you need to decide? 2. Gather information. Look at facts and details. Ask for advice. 3. List and consider all options. 4. Consider the pros and cons. What will happen if you make a certain decision? 5. Choose an option or try a solution. 6. Decide if that solution worked. © Copyright NewPath Learning. All Rights Reserved. Permission is granted for the purchaser to print copies for non-commercial educational purposes only. Visit us at www.NewPathLearning.com.
Children make decisions. You must decide if you will follow rules at home, in school, in your community. You can help your family or teachers set up rules. You can earn money to spend or save. You can be a helper. You can recycle or waste. You can be polite or rude. You can decide to be a friend or not. Adults make decisions. They must decide if they will follow rules and laws. They must decide to vote in elections. They must decide how to earn money. They decide how to spend or save money. Adults are free to choose a religion Adults can work to make their communities better. Adults can volunteer. Adults can recycle or waste. Scarcity - resources are limited. People cannot have all the goods and services they want. Conflict- strong disagreements happen when two or more people want the same thing or they don’t get along. Mediator - a person who is not involved can listen and offer advice. A mediator remains neutral which means s/he does not take sides. Compromise - each person gives up something but also gets something. Social problem - a problem that arises when people think only of their own wellbeing and not of others. Examples of social problems: unemployment, inequality in education, crime. Prejudice - a feeling that some people are not as good or worthy as yourself. Persecution - hurting people and treating them badly because of their religion, beliefs, or color. © Copyright NewPath Learning. All Rights Reserved. Permission is granted for the purchaser to print copies for non-commercial educational purposes only. Visit us at www.NewPathLearning.com.
Veto - a decision of a president or governor not to sign a new law. Capitalism - economic system where private citizens decide what and how much to produce Market economy - economic system in which individuals make most of the economic decisions. © Copyright NewPath Learning. All Rights Reserved. Permission is granted for the purchaser to print copies for non-commercial educational purposes only. Visit us at www.NewPathLearning.com.
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