PRINCIPLES OF ECONOMICS

Principles of Economics

Principles of Economics

Individuals, groups and teams make decisions everyday. Decision making is an essential skill that all of us will have to use at some point in our lives. In the business world, good decision making is important to leaders who want to lead their organizations to success. The process of choosing one course of action over another is commonly known as decision making. Consciously or unconsciously, people make decisions on a daily basis founded on one or more of the various decision-making models.

Decision-making is the study of identifying and choosing alternatives based on the values and ...