Economic Decision
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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):
- See: Self-Interested Choice, Rational Choice Theory, Behavioral Economics.