Define Attribution Theory

question 37

Essay

Define attribution theory. Within your definition, be sure to define the two types of attributions that people typically make.

---

Definitions:

Personal Costs

Expenses that individuals incur in their daily lives or for personal activities.

Economic Activity

The production, distribution, and consumption of goods and services in an economy.

Benefits

Advantages or monetary assistance received from employment, government, or insurance.

Economic Thinking

The process of evaluating decisions based on costs, benefits, and the impact on resource allocation.