Which Tool or Technology Was the Most Important to Early

question 74

Essay

Which tool or technology was the most important to early exploration? Why was it more important than others?

---

Definitions:

Making Choices

The process of deciding between two or more alternatives, often evaluated in terms of costs and benefits.

Margin

The difference between the selling price of a product and its cost of production or buying price, often expressed as a percentage of the selling price.

Marginal Analysis

The examination of the benefits and costs of an additional unit of consumption or production, used to make decisions based on the extent of added benefits over added costs.

Lemonade

A sweetened beverage made from lemon juice, water, and sugar, often sold as a refreshment during warm weather.