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Economics is often defined as something along the lines of “the study of how society manages its scarce resources.” The starting point of most such studies is that individuals allocate their resources such that they themselves will get the highest possible level of utility. An individual has an idea of what the consequences of different actions will be, and she chooses that action she believes will produce the best result for her. | bookboon.com Essentials of Microeconomics Krister Ahlersten Download free books at bookboon.com Krister Ahlersten Microeconomics Download free ebooks at bookboon.com 2 Microeconomics 2008 Krister Ahlersten Ventus Publishing ApS ISBN 978-87-7681-410-6 Download free ebooks at bookboon.com