6-Economics-Psychology-Preferences

economic preferences

Job satisfaction, job training, job location, status, new ideas, economic cycles, war, peace, world conditions, weather, and strikes can change preferences {economic preferences}. People can choose to have more income or more leisure. People can choose to have more income by working at two or more jobs at once or by getting more education or training.

preference curve

People have desire for owning goods or services, at given time under given income, and they have relative desires between goods or services {preference curve}|.

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6-Economics-Psychology

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Date Modified: 2022.0225