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Kamila [148]
3 years ago
8

What is a rational economic decision, meaning one that makes the most sense?

Social Studies
1 answer:
Paha777 [63]3 years ago
8 0

<u>Answer: </u>

A rational economic decision is the one in which an individual chooses to invest his time, money, and resources in activities that are going to fetch good returns for him.

<u>Explanation: </u>

  • In some instances, people knowing full well choose to spend their time and money on things that aren't going to give a worthy output compared to the input. Such people can be called to be at an economic loss.
  • When people instead opt to spend their time and money doing activities that would result in economic gains, it is termed as a rational economic decision.
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