How People Make Economic Decisions
Anne Miller
Eco/212
September 18, 2012
Instructor Name

According to Jody Beggs ofAbout, com and I quote, “simply, and perhaps surprisingly put, economics is the study of scarcity, for the resources one limited to and, ever society wants to figure out how to allocate its resources.” “For all of the maximum benefits the field of economics serves the large part to help answer this1

And then knowing how those people try to make each and, every decision whether it is good or bad. Will be said later, on in this paper.
As each day comes along there can be some changes in their daily lives. Such as major, changes / minor changes. Those changes are also in our economic life as well. Figuring out where those changes will impact our large corporation/business. Is something that is constantly being measured on a daily basis, by those that work within the economic forecasting process? As to the benefit , it is being felt daily usually that is by those who it is being put upon the most. That is us the consumer/worker, for we are the ones that feel each price hike, or price cut. And we need to take into account the large corporation/business ways of handling how they do their measuring of benefits. For us the consumer we do what is called the stop and think ways, then we also do the tradeoff methods as well. For we have developed steps as consumers/workers to use.
Step One : Do we spend less time waiting in line for less prices
Step Two: Do we spend more time chained to our jobs for more money/benefits.
Step Three: Do we as consumers/workers pay for more that is made here in the USA , that for what is made ourside of the USA?
Step Four: Do we spend less time with our Family/friends ?

Each of these steps are our tradeoffs as the consumer/workers that we stop and, think of each time we are doing this economic decision making. Our focus seems to be more product for less money. We all put in long hours to purchase our dreams.

References]

.”(http:// economic .about.com/od/economics/ba).
References
This is a hanging indent. To keep the hanging indent format, simply delete this line of text using the backspace key, and replace the information with your reference entry.