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What were the political, social, economic, and/or cultural consequences of this item: the health-care reform issue?
Instructions:
-Identify each item. Give an explanation or description of the item. Answer the questions who, what, where, and when.
-Explain the historical significance of each item. Establish the historical context in which the item exists. Establish the item as the result of or as the cause of other factors existing in the society under study.
Opportunity Cost
The foregone benefit that could have been enjoyed if an alternative choice had been made.
Factors Of Production
The resources used in the production process, including land, labor, capital, and entrepreneurship.
Available Technology
The current state of technological advances and machinery available to businesses for production purposes.
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