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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.
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∙ 13y ago
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An economic system in which the central government directs all major economic decisions?
an economic system in which the central government directs all major economic decisions
Who makes Cuba's economic decisions?
the government makes all the decisions, he is a dictator
What type of economy is it where all economic decisions are based on age-old customs?
A traditional economy is where all economic decisions are based on age-old customs.
Who makes economic decisions?
the government makes all the decisions, he is a dictator
In a traditional economy what are the economic decisions based largely on?
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?
an economic system in which the central government directs all major economic decisions
Who makes Cuba's economic decisions?
the government makes all the decisions, he is a dictator
What type of economy is it where all economic decisions are based on age-old customs?
A traditional economy is where all economic decisions are based on age-old customs.
Who makes economic decisions?
the government makes all the decisions, he is a dictator
Who individuals make all economic decisions?
gov't
In a traditional economy what are the economic decisions based largely on?
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
What is An economic system in which the government makes all economic decisions?
it's called a command economy
Who makes economic decisions in a mixed economy and why?
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 the economic decisions in Australia?
who makes australia's economic decisions
Who makes all the economic decisions for the country Luxembourg?
The Grand Duke does.
What is the goal of all economic decisions in the market economy?
utility maximization
All economic decisions are based on age-old customs.?
traditional
