Business Studies, asked by bajaj289, 10 months ago

Difference between cost benefit and rational choice theory

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Answered by xSIDHARTx
1

Answer:

“Rational Choice Theory” is an umbrella term for a variety of models explaining social phenomena as outcomes of individual action that can—in some way—be construed as rational. “Rational behavior” is behavior that is suitable for the realization of specific goals, given the limitations imposed by the situation.

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