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Why Is Economics A Study Of Making Choices? [Solved]
Economics is study of how people make choices under conditions of scarcity, and of the results of those choices for society. The study of individual choice under scarcity and its implications for the behavior of prices and quantities in individual markets.
Economics as a Science of Choice making
Prof Lionel Robbins
Why Study Economics? The one reason you should and should NOT major in economics
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Rational Choice Theory - 60 Second Adventures in Economics (6/6)
Without a belief in rational behaviour, it’s hard to design an
