Module 1 - Lesson 1 - Scarcity Affects the Decisions I Make Learning Goal Understand the relationship between decision-making and economics. Understand how scarcity influences all decisions. You will be successful when you can: Apply the concept of scarcity to a real-life decision-making scenario. Making Decisions Some decisions are easy, such as deciding which movie to see. Of course, others are more complicated and require more thought. But whether the decision is easy or hard, there's a basic process everyone follows - the six steps of decision making that you may not even realize you already go through. So, let's see how this works by analyzing an easy decision. Pretend you're going to see a movie with your friends, and it's sold out. What do you do