What is an economic man?

Economic person is an idealized being who has the ability to understand the market completely and perfectly and is able to take business decisions that are very likely to provide the greatest return on any investment or purchase. Sometimes known as an economic person or homo economic, an individual could handle this process without much respect for the prosperity of others, and instead focused on satisfaction that is derived from the implementation of transactions that lead to high profits.

The concept of an economic person is in contrast to the idea of ​​ homo reciprocans , an economic theory that is based on the idea that human beings are ultimately motivated by the desire to cooperate and cooperate with others to create the desired results. Unlike an economic person who focuses on the needs of satisfaction regardless of the consequences for others, an individual who returns to good, he wants others to be successfulHis own success will be improved, although others can enjoy the benefits of healthy economic decisions.

With this idea of ​​an economic man, it is logical to assume that an individual would focus on what would improve his financial situation. To this end, the individual will do everything that seems to be in line with the desired end to obtain the highest amount of profit. This is whether the individual acts as a consumer who wants the greatest advantage for his purchase of the asset or creates goods and services that are sold to consumers with the highest possible profit. In this model, the needs and wishes of others are not considered unless it is perceived as useful in achieving this goal of gaining the highest amount of return.

While this type of eco theory is generally considered a standard for use in evaluating various phenomena in the world of personal consumption expenditure, exiEven those who protest against the idea of ​​economic person. For some, the objection is in the extreme nature of the model. Given that the concept of an economic person does not take into account the possibility that an individual may consider the satisfaction of others, if for a reason other than to ensure that others continue to buy food produced by the manufacturer, they are sometimes considered too focused to actually represent the way consumers and suppliers interact. This has led some to put more emphasis on the idea of ​​reciprocity as a general basis of market consumption, and an extreme example of economic person may be applied in isolated situations that develop a certain degree of influence for a short time.