answersLogoWhite

0


Best Answer

Personal preferences determine demand amongst economic agents.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How do personal choices factor into the economic decision?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Which is a factor in the economic decision of what to produce?

availability of natural resources


What are the thesis in bertrand article of work?

Bertrand's article discusses the impact of decision fatigue on consumer choices and economic decision-making. The thesis suggests that as individuals make more decisions throughout the day, their ability to make rational choices decreases, leading to poorer decision-making outcomes. Furthermore, he argues that decision fatigue is a significant factor in influencing behavior, especially in areas like shopping and financial decision-making, and emphasizes the importance of understanding and addressing this phenomenon in policy-making and marketing strategies.


The maximization of profit and the minimization of losses is the primary factor affecting the economic decision making of?

workers


The SBAs decision to grant or deny the loan will be largely based on what factor?

The decision will be largely based on the requestor's personal credit score.


Can Jews watch x factor?

There is not any kind of overall religious prohibition on who views the X Factor. Whether or not someone can view the show would be a personal or family decision.


What does economic factor mean for a Coca-Cola?

does coca cola have a economic factor


What choice is not a factor of 15?

what are the choices


Are all decisions economic decisions?

Economic factors are very important, but people do sometimes make decisions for other reasons. For example, if I decide to buy a blue shirt rather than a brown shirt, and both shirts cost the same amount, then I have made an aesthetic decision rather than an economic decision. But then, there is first the decision that I can afford to buy a shirt, which is an economic decision. People often choose to do things that will bring them economic hardship, such as buying luxuries that they can't really afford, so economics is not always the deciding factor. People may choose to defy economics, although that is very risky.


A good example of an enabling factor is?

Access to resources such as funding, technology, or expertise can be a good example of an enabling factor. These resources can help individuals or organizations overcome barriers and achieve their goals more effectively.


What is an example of a lifestyle factor?

the personal choices that you make about how you live your life


Which was a NOT a major factor in the decision to use the atomic bomb?

One thing that was not a major factor in the decision to use the atomic bomb was civilian casualties.


Which was not a major factor in the decision to use the atomic bomb?

One thing that was not a major factor in the decision to use the atomic bomb was civilian casualties.