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30 December, 17:08

What are two basic assumptions economists make about individuals and firms?

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  1. 30 December, 17:52
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    The two basic assumptions that economists make about individuals and firms are:

    The first assumption is that individuals maximize their overall potential and try to make themselves as resourceful as possible. And second is that to make more profit as possible, a firm can do anything what it needs to do for this. Economists keeps the economy in check by these assumptions.
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