How People Make Economic Decisions 1
How People Make Economic Decisions ECO/212
How People Make Economic Decisions Decision making skills vary from one household to the other in todayâ€™s economy; however, each individualâ€™s goal is to get the most for their money. When making decisions, there are 4 principles that are involved. These principles are evaluating what one is giving up to obtain their goal, facing trade-offs, responding to incentives, and thinking at the margin.
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