vary from person to person
vary from person to personVary from one person to another.
Economic decisions are based on whether the decision is profitable or not. For instance, businesses make economic decisions about when to hire employees.
Market economy
his or her values and beliefs
Traditional
vary from person to personVary from one person to another.
Economic decisions are based on whether the decision is profitable or not. For instance, businesses make economic decisions about when to hire employees.
Market economy
Subjective
his or her values and beliefs
Traditional
Traditional
Subjective responsibility refers to a person's individual sense of duty or obligation to act in a certain way. It is shaped by personal beliefs, values, and understanding of right and wrong rather than external factors. This type of responsibility focuses on the internal motivations and intentions behind actions.
Differentiating fact from opinion is crucial when reviewing data because it helps ensure that decisions are based on objective information rather than personal biases or subjective beliefs. It allows for more accurate analysis and interpretation of the data, leading to more informed decision-making and better outcomes.
As a combination of economic beliefs and basic social goods.
Factual beliefs are beliefs that are based on objective reality or verifiable information. These beliefs are supported by evidence, facts, or data and can be tested or proven to be true or false. They are different from subjective beliefs, which are based on personal opinions, feelings, or interpretations.
it can affect our decisions wether it is right or wrong because of that superstitious belief we can now rely in our daily decision.