Economic thinking as a derivative of scientific thinking - premise in making effective decisions

Abstract

This article shows the connection between scientific thinking and economic thinking. Economic thinking is characterized as a higher level of thinking, which requires the ability to critically and constructively analyze economic problems, to achieve economic activity efficiently, etc. By knowing and respecting economic principles and laws, people, families can reduce the opportunity cost and make the right choices in life. The article is enriched with a multitude of examples of the applicability of opportunity cost not only in economics but also in other fields.