Home > Terms > Macedonian (MK) > економски човек
економски човек
At the heart of economic theory is homo economicus, the economist’s model of human behavior. In traditional classical economics and in Neo-classical economics it was assumed that people acted in their own self-interest. Adam Smith argued that society was made better off by everybody pursuing their selfish interests through the workings of the invisible hand. However, in recent years, mainstream economists have tried to include a broader range of human motivations in their models. There have been attempts to model altruism and charity. Behavioral economics has drawn on psychological insights into human behavior to explain economic phenomena.
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: Economics
- Company: The Economist
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Кашкавал
Кашкавал е вид на жолто сирење кое се произведува од крабјо или обчо млеко. Кашкавалот од Галичник е исклучиво овчи, а самото село има ...
Contributor
Featured blossaries
Browers Terms By Category
- General boating(783)
- Sailboat(137)
- Yacht(26)
Boat(946) Terms
- Festivals(20)
- Religious holidays(17)
- National holidays(9)
- Observances(6)
- Unofficial holidays(6)
- International holidays(5)
Holiday(68) Terms
- Ceramics(605)
- Fine art(254)
- Sculpture(239)
- Modern art(176)
- Oil painting(114)
- Beadwork(40)
Arts & crafts(1468) Terms
- Capacitors(290)
- Resistors(152)
- Switches(102)
- LCD Panels(47)
- Power sources(7)
- Connectors(7)
Electronic components(619) Terms
- Air conditioners(327)
- Water heaters(114)
- Washing machines & dryers(69)
- Vacuum cleaners(64)
- Coffee makers(41)
- Cooking appliances(5)