US EX-PRESIDENT GEORGE BUSH DIES AT 94.
IT WAS REPORTED YESTERDAY NIGHT 30 NOVEMBER 2018, THAT THE FORMER PRESIDENT WAS DIED

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The hospital, medical center and clinic are similar. But this three are characterized with Somme differences. This differences are discussed as follows:

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She rose early in the morning, picked up a pot and walked tiredly to the river. As the cool breeze her into one direction, grouse pimples appeared on her tender skin. She put her pot into the river on arriving there, she ensured that it was filled, and then she placed it on a dry ground. As always, she was the first to get to the river, she took off her cl Iothes and walked nudely into the cold water, her well juiced oranges danced from left to right as she walked and her curved buttocks showed their beauty. Then she began to sing, her voice like that of a bird, even much better than that of a bird, as her mouth gave different shapes to the song she sang, her eyes were bright to the realization of the words. She played with her hair which was black and long enough to cover her neck when viewed from the back, the ancestors would say “A woman’s hair is her beauty”, the hung to their words. Then she went deep down into the water, ensuring that the cold water touch every part of her body, then she bathed, she took all her time, she was the only one there, there was no reason to rush. When she was pleased, she stepped out of the water and to the dry ground she picked her clothes and dried herself, then she carried her pot of water and walked majestically to her house. On her way back the sun rose and she meet other ladies with their pots on their head, just going to the river, she smiled to herself on the fact that she was always the first to rise.


She placed the pot of water down and set up fire to cook, she placed the wood appropriately, she sat on a stool and fanned the fire till it burned the way she wanted it. Then she tidied up where she used as she hated it when her kitchen was higgledy-piggledy. The aroma formed from what she cooked affected her neighbors as they salivated...........................

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An economy has to decide how to use its scarce resources to attain the maximum possible satisfaction of the member of the society, this is what we meet our choice. The optimization objective of the economic actor (producer, consumer and government) necessities making knowledge choice in the use of available resource. Choice is in economic activities at both consumption and production level.

In economics, we suppose that a decision maker is rational/knowledgeable economic rationality of decision makers implies the following.

i. Making choice that will maximize benefits for themselves and minimize any cost.

ii. Having full or perfect information about alternatives; it also assumes they have the time.

iii. Rational decision making favors objective data and a formal process of analysis over subjectivity and intuition.

Choice are made in respect to solving these economics problems (I) Unlimited want (II) Limited resources. Because human wants are insatiable, and the resources to satisfy this wants are scarce/limited in supply. In making this possible, the economic actors (individual, firms and government) are to be rational in making choice.

INDIVIDUAL DECISION MAKING

Individual does make choice between one or alternative uses. In making choice, an individual is expected to make a scale of preference, which is the arrangement of needs in respect of their importance. After arrangement of needs in respect of their importance, a person is xpected tp use the available limited resources to satisfy those pressing needs. After these choices are made, the other needs that are left unsatisfied are the alternative forgone/ opportunity cost. This opportunity cost are left to satisfy the important needs of an individual.

FIRMS CHOICE MAKING

As a result of the limited available resources to satisfy the needs of firms (producer). Firms are left with no choice but seek foe alternative measures which result in providing the “production possibility frontier”. Which makes it easier for firms to choice among alternative uses.

GOVERNMENT CHOICE MAKING

The economy confronted with scarcity of resources also prompt the making of choice by using the production possibility curve. However, the available technology, personnel and physical resources determine the limitation for the economy. Based on this following the economy choice production are more like the firms for it must allocate resources among it products.
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Issookay

IamOlusa:
Unless, u comot that man and others.

Na wa 4 dem o

Economics dept 4 AAUA do sometin, una no fit get best grad neh, abi na 'Dr Bakare' again. Dont wori i wil 4 my tym.