Examlex
Identify the benefits of a connected world.
Rational Choice
The theory that individuals make decisions based on the maximization of their benefits and the minimization of their costs.
Subjective Costs
Costs perceived by individuals based on personal values, preferences, and circumstances, which can vary between persons.
Personal Interests
involve the hobbies, preferences, or passions of an individual, which can influence their choices and behavior.
Personal Costs
Expenses that directly affect an individual, often considered in decisions involving personal finance or effort.
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