1. Why do people make economic choices in the South?

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01-03-2022
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1. Why do people make economic choices in the South?

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Lethalityidn Lethalityidn · Answer 1 · 2022-03-01T20:02:21-05:00

Lethalityidn Lethalityidn

01-03-2022

Why does an economic choice involve giving up something else? People make choices because they cannot have everything they want. All choices require giving up something (opportunity cost) Economic decision-making requires comparing both the opportunity cost and the monetary cost of choices with benefits.

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