asked 216k views
4 votes
Because costs and benefits are both subjective, a person's decision will always be based on what?

1 Answer

1 vote
Economic analysis on a good or product is an important basic tool for comparing what is good is better than the other. This factors in the costs and benefits of the goods.
Now, because of its subjectivity, many people’s decision when choosing a certain good will depend on their unconscious thought or “gut”.
answered
User Ginger McMurray
by
7.2k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.