Economists assume that people are motivated by

Name: Economists assume that people are motivated by
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Question

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Economists generally assume that people are motivated by rational self-interest, meaning that individuals seek to maximize their own well-being or utility through their choices and actions. While some may argue that other factors, such as benevolence or altruism, also play a role in human behavior, the dominant assumption in economics is that individuals act based on their own self-interest.

Economists Assume That People Are Motivated by