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Value
What is important?
Some things are more useful than others. An apple is great when you are hungry. A coat is great when you are cold. But a gold ring does not help with either! What you NEED decides what is important. And what you need can change.
What you will learn
- ● Needs vs wants
- ● Changing value
- ● Subjective value
- ● Opportunity cost
Teach a Friend
The best way to know you understand something is to explain it.
Your friend asks: "What does VALUE mean?" Explain it to them.