Useful for comparative advantage and specialization.
Read MoreUseful for inferior goods.
Read MoreUseful for stress and every day economics.
Read MoreUseful for market interference.
Read MoreUseful for hedonic treadmill and productivity.
Read MoreUseful for substitutes and complements.
Read MoreUseful for diminishing return to money.
Read MoreUseful for entry and exit decisions.
Read MoreUseful for advertising.
Read MoreUseful for loss aversion and bounded rationality.
Read MoreUseful for status quo bias and sunk costs.
Read MoreUseful for creative destruction and hedonic treadmill.
Read More