Economic Decision

An Economic Decision is a decisioning act by an economic agent to perform an economic act.

• AKA: Scarce Resource Decision.
• Context:
  • It can range from being a Conscious Economic Decision supported by an economic judgement) to being an Unconscious Economic Decision (supported by an economic instinct).
  • It can (typically) lead to an Economic Act.
  • It can range from being a Voluntary Economic Choice to being a Forced Economic Choice.
  • …
• Example(s):
  • I will purchase a/this Laptop.
  • …
• Counter-Example(s):
  • an Moral Decision.
  • a Hedonistic Decision.
• See: Self-Interested Choice, Rational Choice Theory, Behavioral Economics.

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