Macroeconomics



Macroeconomics

Economic Choices

Economic choices are based on the thinking on the governments. The decisions taken by the government are taken while keeping in mind the current situation at that time. Most of the decisions taken prior to any particular event are mainly based on value judgments rather than economic facts. The reason for using the value judgment is because the government is not able to determine the factual information for that upcoming problem or event. The basis of good economic choice is that, the basis of the good economic choice is that it should not be based on the value judgments ...