Economists take the position that households make

Question

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Economists generally view households as rational decision makers who engage in purposeful decision-making based on their preferences and constraints. This concept is the foundation of microeconomics and is often reflected in economic models that assume individuals seek to maximize their utility or well-being with the resources available to them. While households can make occasional poor decisions, economists assume that these decisions are made based on the information and incentives that households face, and not due to random or haphazard choices.

Economists Take the Position That Households Make