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:

Motivation Problems

Issues or barriers that hinder an individual's drive or willingness to pursue goals or engage in activities.

Leadership

The action of leading a group or organization towards achieving its goals.

Human Needs

Fundamental requirements necessary for individuals to live healthy and well-being lives, including physical, social, and psychological aspects.

Satisfied Need

A psychological or physiological requirement that has been fulfilled, reducing motivation to seek further fulfillment of that same need.