Examlex
Match the term with the definition.
-Originally the term for supporters of the ratification of the U.S. Constitution in 1787-88, this became the name for one of the two dominant political groups that emerged in the 1790s. In that decade, the group's leaders supported Britain in foreign policy and commercial interests at home. Prominent members included George Washington, Alexander Hamilton, and John Adams.
Economic Self-Interest
is a principle suggesting that individuals act in a way that maximizes their own benefits or gains, often driving economic decisions and actions.
Economic Behavior
The actions or decisions that individuals, households, businesses, and governments make in regard to the allocation of resources.
Forgo
To give up or abstain from something. In economic terms, this often refers to the opportunity cost of choosing one option over another.
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