Examlex
What percentage will all of today's technical knowledge represent in 2050?
Opportunity Costs
The cost of an alternative that must be forgone in order to pursue a certain action; the benefits you could have received by taking an alternative action.
Trade-offs
The concept that in order to gain something, something else must be given up, reflecting the opportunity cost of choices and decisions.
Economic Growth
An increase in the amount of goods and services produced per head of the population over a period, reflecting improvements in the standard of living.
Scientific Method
A systematic process of observation, experimentation, and analysis used to advance knowledge in the sciences.
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