Examlex
In Piaget's concrete operational stage,
Economic Behavior
The actions or decisions that individuals, households, businesses, and governments make in regard to the allocation of resources.
Forgo
To give up or abstain from something. In economic terms, this often refers to the opportunity cost of choosing one option over another.
Budget
An estimate of income and expenditure for a set period, often used by governments, organizations, or individuals to plan financial operations.
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