The method by which people select goods and services to satisfy their needs is:

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The method by which people select goods and services to satisfy their needs is commonly known as the theory of consumer choice. This theory analyzes how individuals make decisions based on their preferences, budget constraints, and the availability of goods and services. It is a fundamental concept in economics and helps to explain market demand and the behavior of consumers in response to changes in prices.

The Method by Which People Select Goods and Services to Satisfy