Which term describes the process of making an economic decision by considering both the advantages and the problems that might arise from the
decision?

Opportunity Cost

Explanation:

Opportunity cost is an economic term that simply says that when you make a purchase, you forego another alternative. Money, or the lack of it is usually the main reason for making the decision to make a decision to get one product and forego another one.

Therefore, it is the term that describes the process of making an economic decision by considering both the advantages and problems that may arise from the decision.

answer; /// i believe that the correct answer is(

answer; i believe the best and correct answer is stronger bonds between the nations of africa;