Page 7 - BOOK CONCEPTS OF ECONOMIC SCIENCE BY RIZKI RAMADHAN

Human economic action choices that arise from scarcity

are always based on economic principles, both in

production, distribution and consumption activities.

Some of the characteristics of humans who take

action based on economic principles are:

1. Act rationally

Every action is carried out with consideration and thought

so that a person can achieve maximum satisfaction.

Actions taken are not solely to fulfill momentary

satisfaction, but rather for long-term interests.

2. Act economically

Humans who adhere to economic principles always

compare the amount of expenditure made with the

income earned. Humans will always choose the largest

difference between income and expenses.

3. Develop a priority scale

Because not all human needs and desires can be met with

the resources they have, humans will prioritize the basic

needs and desires that provide maximum satisfaction.

4