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What does the 9 + 2 system refer to?
Incentives
Rewards or penalties that motivate individuals or entities to act in a desired manner, typically aimed at aligning interests or encouraging specific behaviors.
Personal Costs
Expenses directly paid by an individual, often including living expenses, tuition, and personal bills.
Economic Activity
Every activity related to creating, distributing, and using products and services within an economic system.
Adam Smith
An 18th-century Scottish economist and philosopher, widely considered the father of modern economics, best known for his works on the principles of free market and the "invisible hand" concept.
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