Thursday, January 13, 2011

Action, Motive, and Principles of Economics

Action Economics

Economic action is any human enterprise that is based on the best option and most profitable. for example: Mother cook 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 someone so that someone that economic action. Economic motives are divided into two aspects:

* Intrinsic Motive, referred to as a desire to perform an act on their own economy.
* extrinsic motives, referred to as a desire to perform an act of economics at the instigation of others.

In practice there are several kinds of economic incentives:

* Motif meet the needs of
* make a profit motive
* Motif awarded
* Motif gain power
* The motive of social / helping others

Principles of Economics

Economic principles are guidelines for the conduct of economic measures contained in it certain sacrifice of principle to obtain maximum results.