Results for tag: "Neoclassical Economics"

Neoclassical Economics is a school of economic thought that emphasizes the importance of rational decision-making by individuals and firms in a market economy. It is based on the idea that the market is the most efficient way to allocate resources and that individuals and firms will act in their own self-interest to maximize their profits. Neoclassical Economics is based on the assumption that markets are competitive and that prices are determined by the forces of supply and demand. It also assumes that individuals and firms have perfect information about the market and that they are able to make rational decisions. Neoclassical Economics is used to analyze a wide range of economic issues, including the effects of government policies, the effects of taxation, and the effects of international trade. It is also used to analyze the effects of technological change and the effects of economic growth. Some companies in the Neoclassical Economics market include Amazon, Apple, Microsoft, Google, and Walmart. Show Less Read more