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It is a key assumption used in the study of economics and the choices that people make in pursuit of satisfaction.

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Is economics a science or art?

Economics is considered both an art and a science. Major universities allow undergraduate students majoring in Economics to select whether they pursue a "Bachelor of Arts" or a "Bachelor of Science" degree in the field.


Is the most important reason for accident prevention economic legal or moral?

Whether economics, legality, or morality is the most important reason for accident prevention is a matter of personal opinion. Someone more focused on keeping a business operating might select economics while someone focused on avoiding citations and fines might select legality, for example. All are important reasons and should work together to encourage everyone to seek accident prevention.


What are the principles of rational decision making?

1. Define the problem2. Identify evaluation criteria 3. Make anexhaustive search for alternatives 4. Evaluate and rank the alternatives 5. Select and implement an alternative 6. Evaluate


Is economics an art or science?

Economics Is About SCience.. Because Science is how you make stuff.. But Art Is What you draw... so Its basically ScienceI learned economics From my parentsSo Ex..the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind.so its basically about money Hope you Learned by the way im in 7th grade and im 13 it may be, but just don't judge me by age OKay see you later..More like science. It really has nothing to do with art.a science. facts, figures, predictions. scienceEconomics is considered both an art and a science. Major universities allow undergraduate students majoring in Economics to select whether they pursue a "Bachelor of Arts" or a "Bachelor of Science" degree in the field.


How does one select on entrepreneurial to be pursued?

How does one select an entrepreneurial activity

Related Questions

Which number can be multiplied to a rational number to explain that the product of two rational numbers is rational?

It must be a generalised rational number. Otherwise, if you select a rational number to multiply, then you will only prove it for that number.


Is economics a science or art?

Economics is considered both an art and a science. Major universities allow undergraduate students majoring in Economics to select whether they pursue a "Bachelor of Arts" or a "Bachelor of Science" degree in the field.


What is meant of optimization techniques in managerial economics?

Managerial techniques for select best element from several alternatives to maximize the effectiveness or the performance of the organization. Ravi Kumudesh


Is the most important reason for accident prevention economic legal or moral?

Whether economics, legality, or morality is the most important reason for accident prevention is a matter of personal opinion. Someone more focused on keeping a business operating might select economics while someone focused on avoiding citations and fines might select legality, for example. All are important reasons and should work together to encourage everyone to seek accident prevention.


Is studying economics as a science student ok?

One rule of study. Select the course in which you feel comfortable and interested. I have witnessed many students struggling in choosing their career. Unfortunately in different regions of the world students are given proper counseling for future perspective. Coming back to the question. The field of economics is very broad. This course is inter related with finance number crunching. It's worth studying economics if your are interested in it.


What has the author Marjorie Ouida York written?

Marjorie Ouida York has written: 'Practices and opinions of a select group of homemakers with regard to home sewing' -- subject(s): Home economics, Sewing


What has the author Svetozar Pejovich written?

Svetozar Pejovich has written: 'Karl Marx in one lesson (1818-1883)' -- subject(s): Communism 'Fundamentals of economics' -- subject(s): Right of property, Economics 'A political economist's analysis of the Select Committee on Tax Equity and an income tax in Texas' -- subject(s): Income tax, Tax incidence, Fiscal policy 'The economics of property rights' -- subject(s): Comparative economics, Property, Comparative law 'Industrial democracy' -- subject(s): Management, Employee participation


Why is organizational behavior a multidisciplinary subject?

The purpose of organizational behavior is to gain a greater understanding of those factors that influence individual and group dynamics in an organizational setting so that individuals and the groups and organizations to which they belong may become more efficient and effective. The field also includes the analysis of organizational factors that may have an influence upon individual and group behavior. Much of organizational behavior research is ultimately aimed at providing human resource management professionals with the information and tools they need to select, train, and retain employees in a fashion that yields maximum benefit for the individual employee as well as for the organization.


Professor Carter observes and records the behavior of grocery shoppers as they select items to purchase Which type of research is Professor Carter employing?

Survey research


What are the four steps in a rational decision making model?

1. identify the problem or opportunity. 2. generate alternative solutions 3. evaluate alternatives and select a solution. 4. implement and evaluate the solution chosen.


How do you Find two rational and irrational nos. between 2.1 and 2.11?

For two rational numbers select any terminating or repeating decimal number which starts with 2.10 and for irrational numbers you require a non-terminating, non-repeating decimal which also starts with 2.10.


Select any irrational number and turn it into a rational number by using addition subtraction multiplication division or exponentiation?

Other than multiplication by 0 or by its own reciprocal, it if often not possible. Try it with pi, if you think otherwise.