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Basically, it means that an individual makes economics decisions that he or she believes will benefit him or her the most. Self-rational interest is different from selfishness.

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Q: What do economists mean by rational self-interest?
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Related questions

What do economists mean by rational self interest?

Basically, it means that an individual makes Economics decisions that he or she believes will benefit him or her the most. Self-rational interest is different from selfishness.


When economists say that people act rationally in their self interest they mean that individuals what?

When economists say that people act rationally in their self interest they mean that


What do economists mean by longterm?

answer- longer than a year


What do economists mean by the term sticky wage?

it is par day wage


What do you mean about rational number?

A rational number is one that has an ending.


Does rational mean repeating?

yes rational means repeating. same thing.


What is the possessive form of economists?

The possessive form of the plural noun economists is economists'.example: All of the economists' predictions are for improvement in the next quarter.


Is the fraction 4 9 rational?

If you mean 4/9 as a fraction then it is a rational number


Is 0.50550555 a rational number?

It depends on if it is continued or not. A terminal decimal is always rational (such as 0.5) If it has a repeating pattern, its also rational (0.3333333333333333). If you mean 0.50550555055550555550555555 etc.) this is not rational.


Is 2 13 a rational number why or why not?

If you mean 213 then it is a rational number because all integers or whole numbers are rational numbers.


What do economists call elasticity?

What do economists call elasticity?


Economists have classified input as?

economists have classified input as