Question

What is a Human Factor 3 points Micro and Macro isues of Socio economic factor Interrelated physiological ,psychological and socio -ethical aspects of human being The entire concept of human behavior None of the above​

Answer 1

Answer:

Economic theory tries to understand human action as it relates to prices, markets, production, and consumption.

Mainstream economic theory rests on "laws" like supply and demand, and assumptions that include rational actors and efficient markets.

Behavioral economics and other strands of thought understand the emotional and cognitive underpinnings of economic behavior.