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Economic decisions are based on whether the decision is profitable or not. For instance, businesses make economic decisions about when to hire employees.

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9y ago
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7y ago

vary from person to person

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Q: Because subjective decisions are based on a person's unique values and beliefs economic decisions .?
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Related questions

Because subjective decisions are based on a persons unique values and beliefs economic decisions are based on what?

vary from person to person


Because subjective decisions are based on a person's unique values and beliefs economic decisions they will what?

vary from person to personVary from one person to another.


Economic decisions based on customs or beliefs are found in a?

Market economy


What does subjective judgment mean?

Subjective judgment refers to decisions or opinions that are influenced by personal feelings, beliefs, or opinions rather than by objective facts or evidence. It can vary from person to person based on individual experiences and perspectives.


What is a subjective values?

Subjective values are personal beliefs or preferences that vary from individual to individual. They are influenced by factors such as culture, experiences, and emotions, and can shape how someone perceives the world, makes decisions, and assigns importance to different aspects of life.


Conclusions drawn from personal beliefs are?

Subjective


Because costs and benefits are both subjective a person decision will always be based on what?

his or her values and beliefs


Which type of economy are almost all economic decisions based on age-old traditions customs and beliefs with families working together for survival?

Traditional


In which type of economy are almost all economic decisions based on age-old traditions customs and beliefs with families working together for survival?

Traditional


Can opinions be subjective?

Yes, opinions are subjective because they are based on personal beliefs, feelings, and perspectives. What one person considers good or bad can differ from another person's viewpoint, making opinions subjective rather than purely objective.


What is subjective responsibility?

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.


If human beings are the source of value then morality is?

subjective and dependent on individual perspectives and beliefs.