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julia-pushkina [17]
3 years ago
15

Which model of human nature originated during the Enlightenment and assumes that economic analysis should focus on individuals w

ho maximize their utility under conditions of scarcity?
History
1 answer:
Gre4nikov [31]3 years ago
4 0

Answer:

Self Interested Model

Explanation:

The conception of Self Interested Model is a reflection of the Humanism that featured the Enlightenment. It's the idea that personal desires are more important than the community because they can maximize the production value, and created a wealthy market. In business, self-interest focuses on actions or activities that are advantageous to an individual or organization. For a business or individual to survive and grow, a degree of self-interest is necessary.

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According to the law, this document forced King John to accept the rights of the nobility and the limitations of his royal power. In reality, none of the parties have literally adhered to the charter.

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