Define Consistency

question 35

Short Answer

Define consistency.

---

Definitions:

Self-Interest

acting in a way that is most beneficial to oneself, a fundamental concept in economics that drives individual decision-making.

Consumer Sovereignty

The theory that consumer preferences and choices dictate the production of goods and services in an economy.

Resource Costs

The expenses incurred in acquiring the natural, human, and capital resources needed to produce goods or services.

Private Producer

An individual or company that produces goods or services in a market economy without direct government intervention.