Posts Tagged ‘economic motives’

Action, Motive, and Principles of Economics

October 9th, 2011

Economic Measures
Economic action is every human endeavor is based on the choice of the best and most profitable. for example: Mom cooking with firewood because the price of kerosene is very expensive. Economic action consists of two aspects, namely:

* Rational economic action, every human endeavor is based on the most profitable option, and in fact the case.
* Irrational economic action, every human endeavor is based on the most profitable option but they are not.

Economic motives
Economic motive is the reason or purpose of a person so that a person’s economic action. Economic motives are divided into two aspects:

* Intrinsic Motive, referred to as a desire to perform an act of their own economies.
* Extrinsic motive, referred to as a desire to perform an act of economic instigation of others. » Read more: Action, Motive, and Principles of Economics