Choice..what is choice in making decision?

Mataracy

VIP Contributor
Ordinarily every body have opportunity in one way or the other to make choice. Choices must be made because of scarcity .
Also a particular choice is made because that choice provides the individual making the choice the greatest satisfaction.
Who is to judge whether the option chosen by each person is, in fact,in that person's best self-interest?
The judge of whether a choice is in an individual's self-interest is the individual faced with the decisions.

Hence the issue of choice is very fundamental to economics as it affects all our life. Choice can be applied to our daily life,but the greatest choice occurs in the expenditure of one's income.
My question for everybody is that,what is choice?.
 
There is little or no between choice and decision making, decision making is the act of making a choice between two or more alternatives while choice is the ability to which product or goods or services to go for from a wide range of option. making a good decision and a good choice makes you more independent.
 
Decision making is the process of making choices by identifying a decision, gathering information and the alternative resolution
Choice making, people decide which of two or more alternatives possibilities or alternative is best.
 
The major problem in economics is scarcity. That's why it is necessary to make choice in order to satisfy our wants. At times we even need to make scale of preference in making these choices. However, the choices that we make at times depend on the situation and the circumstances.
 
Choice his ability to choose one from a number of given alternatives choice is applicable to human beings today because we live in a world where resources are scarce and human wants are numerous so to manage our resources (money) we have to choose from a number of available wants and needs
 
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