Examlex
The identity of the individual performer includes which of the following characteristics?
Rational Decisions
Decision-making process that is based on making choices that result in the most optimal level of benefit or utility.
Scarcity
Is the fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources.
Societies
Large groups of individuals who live together in an organized community with shared laws, traditions, and values.
Goods and Services
The output of an economy or a firm that consists of tangible commodities (goods) and intangible activities (services) offered to satisfy consumer needs.
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