Individuals can use economic principles to improve their decision-making process.

Name: Individuals can use economic principles to improve their decision-making process.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

Economic principles, such as opportunity cost, marginal analysis, and supply and demand, can provide a framework for analyzing and making decisions about how individuals allocate their resources, such as time and money. By understanding these principles, individuals can make more informed and efficient decisions.

Individuals Can Use Economic Principles to Improve Their Decision-Making Process