Economic decisions refer to the choices individuals, businesses, and governments make regarding the allocation of resources. These decisions involve weighing the costs and benefits of various options to determine the most efficient use of limited resources. Factors influencing these choices include personal preferences, market conditions, and available information. In everyday life, economic decisions can be as simple as deciding how to spend money on goods or services. For businesses, these decisions might involve choosing between investing in new technology or expanding their workforce. Ultimately, economic decisions shape the overall health of the economy and impact the well-being of society.