Examples of Efficient Economic Actions (Full Discussion)

Examples of Efficient Economic Actions (Full Discussion) – For those of you who are business people or a student who is pursuing an education majoring in economics, of course you will be happy to get knowledge about economics. What we will discuss about the economy here is an example of economic action. Check out the reviews.

Examples of Efficient Economic Actions (Full Discussion)

After we talk about rational and irrational economic action, here we will give a few examples of economic action. Economic action can also be called alternative action.

Example of Economic Action

There are several examples of economic action:

A farmer works his fields in order to get a satisfactory harvest, so he gets money to meet his needs.

• Mrs. Tika bought a refrigerator. To get a cheap price, he compared the prices of refrigerators from various stores and tried to get a discount.
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• Going to school chooses to take an angkot instead of taking an ojek because it is cheaper.
• Mother went shopping to the market to get fresh vegetables.
• Merchants sell their wares at a price higher than the purchase price.
• Entrepreneurs look for cheap labor, so that the production costs incurred can be saved, so that he can get a lot of profit.
• Wawan buys shoes in the shop. In order to get shoes at a cheap price, Wawan bargained for the price of the shoes.

Effective and efficient economic actions must be carried out together and in line, but sometimes effective action and efficient action cannot be carried out together and sometimes even contradict each other back. If effective action and efficient action are opposite, then what needs to be chosen is the effective action that must be taken prioritize compared to efficient action, because the purpose of human action is to fulfill needs.

In carrying out economic actions, people must make choices and take advantage of opportunities.

Making Choices

Making choices must be done precisely, for example when shopping people must be able to make choices. Between items that are very urgent, urgent, and not urgent. Thus, people who can determine the priority of needs, means that person takes economic action.

Seizing Opportunities

In carrying out economic actions, people must take advantage of opportunities as well as possible, because these opportunities must be exploited.

That's our brief discussion about Examples of Efficient Economic Action, hopefully from the above discussion can provide a little additional knowledge for us about examples of economic action.

^{Source: Integrated Social Sciences Class 7 Mandate}