Economic factors are very important, but people do sometimes make decisions for other reasons. For example, if I decide to buy a blue shirt rather than a brown shirt, and both shirts cost the same amount, then I have made an aesthetic decision rather than an economic decision. But then, there is first the decision that I can afford to buy a shirt, which is an economic decision. People often choose to do things that will bring them economic hardship, such as buying luxuries that they can't really afford, so economics is not always the deciding factor. People may choose to defy economics, although that is very risky.
an economic system in which the central government directs all major economic decisions
the government makes all the decisions, he is a dictator
A traditional economy is where all economic decisions are based on age-old customs.
the government makes all the decisions, he is a dictator
In a traditional economy the economic decisions are largely based on custom. In all centrally planned economies the government makes all important economic decisions.Ê
an economic system in which the central government directs all major economic decisions
the government makes all the decisions, he is a dictator
A traditional economy is where all economic decisions are based on age-old customs.
the government makes all the decisions, he is a dictator
gov't
In a traditional economy the economic decisions are largely based on custom. In all centrally planned economies the government makes all important economic decisions.Ê
it's called a command economy
The government makes all the decisions because the government does all the spending and taxation to provide jobs and services and he also influences on the economic growth
who makes australia's economic decisions
The Grand Duke does.
utility maximization
traditional