Why is thinking economically an important skills

Explanation:

Responses will vary. A sample response follows:

Thinking economically is an important skill because every decision we make involves costs and consequences. Costs do not necessarily involve money; a cost can be anything, including a missed opportunity (known as an opportunity cost). Because every decision we make means weighing cots and consequences, it is very important that we learn to economize our thoughts so that we can reap the greatest benefits with the lowest costs.