economic choice

What Are Some Examples Of Economic Choices?

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What Are Some Examples Of Economic Choices? The decision by an individual to seek employment is an example of an economic decision. Some people start a business to create jobs for themselves and others. Budgeting is an example of an economic decision made by a family. Couples monitor their expenses to meet their financial goals.

What Is An Economic Choice?

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What Is An Economic Choice? Economic choice can be defined as the behavior observed when individuals make choices solely based on subjective preferences. What does economic choice mean? Choice refers to the ability of a consumer or producer to decide which good, service or resource to purchase or provide from a range of possible options.