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When do choices made in the persuit of self- interest also promote the social interest?

When the choices that were originally made to benefit oneself as a result benefits society as a whole. For example, if you purchase an apple to satisfy your hunger, you are also paying that 13% tax which "in the ideal world" goes to help the society as a whole.


What is Economic society?

The whole society that spend money and earn money for their spesific purposes is called economic society.


What is the difference between global economy and international economy?

There is no functional difference; they are the same thing, though they may be applied to differentiate between economic activity between certain groups of states and the world as a whole.


Why is the study of economics important even for the people who are not going to be business owners or investors?

I wouldn't say that the study of economics is very important for business owners or investors. Probably business and finance would be best for them. economics is a social science that studies the way people make choices given limited resources, its value comes in being able to explain the world we see around us and is a course of study that is broad in nature and scope. Economics as a discipline is itself young compared to other social sciences, so there is a great deal of debate on theories and hypotheses. Economics attempts to explain the choices that people make on a day to day basis on what to buy, how much to buy, what to produce, what to save or invest, how much to work, etc. These choices that we each make have an impact on the economy as a whole and our choices are aggregated, or added together to create a sketch of how well off we are doing and in a sense, who we are.


What term matches this description the government makes all of the decisions and consumer choices are given little attention?

A government that makes all of the decisions and consumer choices are given little attention is an authoritarian government. Communism is just one type of authoritarian government. This is a characteristic of communism, as opposed to capitalism. The drawback to the communist system of government, as usually applied, is that the consumer is subject to the decisions of the government, and therefore to the needs of the populace as a whole. This does not give the individual much control over the type of goods that he is provided. This is more precisely a command economy, which used to be practiced as "communism" in the Soviet Union.

Related Questions

What are some bad food choices for the food group grain?

Foods that are not whole grain and empty carbohydrates are bad choices.


What are the groups of whole numbers of a composite number?

Factors.


Which combines investment choices with Term Insurance?

UVWL- Universal variable whole life ^_^


How many groups of stars are there?

billions and millions in the whole of space


Which of the choices is an example of this statement the products of a whole number greater than 0 and a decimal between 0and 1 is less than the whole number?

It appears that the process of accurately copying the entire question caused such fatigue that you forgot to include the choices.


How many groups of tetrachords are there in a major scale?

There are two groups of tetrachords in a major scale with a whole step in between.


The number of people added to a group is what kind of variable?

It is called a discrete variable because it represent an integer (whole number, counting number), which comes from a subset of all numbers. Except statistically, people have to be added to groups in "whole" people.


Can a portuguese guy and filipino girl live happily ever after?

yes the whole world has choices


What does the division of whole numbers mean?

The division of whole numbers refers to the process of distributing a total quantity into equal parts or groups. It involves determining how many times one whole number (the divisor) can fit into another whole number (the dividend). The result of this operation is called the quotient. If the division does not result in a whole number, there may be a remainder that indicates how much is left over after the division.


What is the haploid called in plants?

The haploid in plants is when there is only one set of chromosomes. There are whole groups of animals that are haploid. These animals include bees, wasps, and ants.


What is a group of objects called?

a what is defined as an organized group of related objects or components that interact to create a whole ?


Which groups will be at the gathering of the juggalos this year?

The whole family baby WHOOP WHOOP!!