Question

In: Economics

What is selection?

What is selection?

Solutions

Expert Solution

Selection is choosing someone or something. It can be a person, goods and services or a fact. For example in business term if we talk about selection it can be selecting a business model , selecting the right candidate for the company or selecting the advertising method etc. In Economics if a consumer select a good for his consumption we say it as a Choice.

A person has choice of having something and then he makes his decision and choose one or more than one thing, this is called selection in general.


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