How People Make Economic Decisions Paper
Agnes Pierre Louis
ECO/212
October 5, 2010
Nick Bergan

How People Make Economic Decisions Paper The decision we make everyday always comes with some kind of risk. By making these decisions on a daily basis we have to realize that they are four major principles in the economic world. These four major principles are: (1.) never risk more than you can afford to give; this is when you can offer to give your time, energy, and work under your terms. For example; you should take only a job that will require a lot of research if you are willing to be a good reader and listener. (2.) Never risk more than you have; this is when you become limited in what you can do. For example; you need to know how much you have and never lessen your resources. (3.) Never risk than you can get in return. For example; make sure the risk you take always have gain for you. (4) Follow your intuition. Finally, when making those decisions firmly knows that you are committed to trust and go by that decision you chose because it was a good decision to open up future possibilities. The example the decision in which I compared the marginal benefits and the cost associated with that decision was that I had a client where I charged him/her a price of my consulting service. I explained into details the types of service I offer, however; they wanted more than what my service offered. These services they wanted were in jurisdiction but I couldn’t go any further with them. If I had made my decision to do the offer of my business, he/she would have to understand the service and the agreement of the business. Then we could continue with the process by understanding each other part of job duties. As a business consultant it is my job to let the client know what they need to be in compliance with the state and the government and also to