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Economics A Level (DONEEEEEEE)

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Pregunta:

Why do Traditional Economics assume that Economic Agents [Producers, Workers and Consumers...] act Rationally?

Autor: eric_galvao



Respuesta:

-This can be based on the Assumption that Economic Agents want to Maximise their Utility [Well-Being] -Different Economic Agents will have different Ways and Targets to Maximise their Utility: Consumer with Value; Producer with Profit -This means Decisions have to be made on the Basis that it will Gain the Most Utility more: Nothing else will Influence that Decision


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