What is the Economy
the pros and cons, costs and benefits of their financial decisions. This is straight out of rational choice theory (Frank, 2008), which states that people make decisions in their economic lives by comparing the costs with the perceived benefits. This is why consumers and organizations tend to respond favorably to economic incentives. The incentive to make a purchase or an investment decision appears like a greater benefit than the cost of doing so: they recognize that they are getting something positive in return for their transaction. Incentives help, whether it is a tax credit from the government for consumers who purchase an electronic vehicle (EV)—which is… Continue Reading...