EWOT (Economic Way of Thinking)

The economic way of thinking is an understanding and evaluation of the world in a economical perspective.

• This also means that free items are not a good thing. The reason behind this is due to the product losing it's value. If the product has no value, the seller will not retain a profit from the product. This product is then deemed to be a waste, in such that the minerals used to manufacture the product were insufficient in an economical way of thinking. That product could have made a company some money.
• Another example is saving the endangered species. Saving the endangered species would prove to be useless because the United States will never run out of resources. The economic way of thinking is if a resource starts to cost a higher price than it has before, society will change their meal plan to fit their wages as workers. If they cannot afford to buy hamburgers for their family due to the high price in cow meat, then the family will eat chicken. This is the way incentives work throughout society and helps them evaluate their economic way of thinking.