PLS REVIEW This is not right. “Economics refers to the study of demonstrated hum

PLS REVIEW This is not right.

“Economics refers to the study of demonstrated human behavior, for the purpose of making informed choices, whether personal, familial, organizational, or political, given that the information, causes, and consequences necessary for determining those choices, is beyond our perception, by the discovery of categories, means of measurement, and general rules of cooperation, and the norms, traditions, procedures, rules, laws and institutions, that are necessary for establishment, preservation, and improvement of the returns on the spectrum of individual action to interpersonal and market cooperation, and that are sufficient to preserve incentive to preserve cooperation, within a polity capable of producing the institutions for doing so.”

or

“Economics consists in the study of how individuals, Individuals in families, individuals in firms, in organizations, and in governments, make choices; and how these choices determine the way wealth is produced and distributed.”

or

“Economics consists in the study of demonstrated human behavior in the pursuit of the means of creating, maintaining, and improving returns on time, effort, and resources.”