purposeful behavior

What Does Purposeful Behavior Mean In Economics?

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What Does Purposeful Behavior Mean In Economics? Purposeful Behaviour : simply means that people make decisions with some desired outcome in mind. In making choices, the decision maker will compare those two amounts. … What is purposeful behavior? (c) Purposeful behavior is behavior oriented toward or guided by a goal. The goal may be static

When Economists Say That People Act Rationally In Their Self They Mean That Individuals?

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When Economists Say That People Act Rationally In Their Self They Mean That Individuals? *When economists say an individual has made a rational choice, they mean the individual has? conserve the resource for the future, particularly if it is expected to increase in value. *The price of an airline ticket from Denver to Washington, D.C.