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You need to narrow this down to a date and place. This is far too broad.

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10y ago

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What is role of economic man in classical economics?

The concept of the economic man in classical economics refers to an individual who makes rational decisions based on self-interest and the pursuit of maximum utility. This assumption helps to analyze how individuals make decisions in the marketplace and how these decisions ultimately shape economic outcomes. The economic man is a key element in classical economic theories of supply and demand, competition, and market efficiency.


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