Economics Is Often Described as a Science of Constrained Choice

question 181

Essay

Economics is often described as a science of constrained choice. How do you justify this argument?

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Definitions:

Income Increase

A rise in the amount of money generated by an individual or organization, typically measured over a specific period of time.

Dividends in Arrears

Dividends on preferred shares that have not been paid in the timeframe originally scheduled.

Cumulative Preferred Stock

A type of preferred stock that entitles its holders to receive dividends that were missed in the past, before any dividends can be issued to common stockholders.

Dividend Amount

The sum of money paid by a company to its shareholders out of its profits.