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SAGE Social Science Thesaurus

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Concept information

Preferred term

urban economics  

Definition

  • Economics is the study of decision making when resources are limited and can be used in different ways. In an economic model, a household makes choices to maximize its utility or satisfaction, whereas a firm makes choices to maximize its profit. [Source: Encyclopedia of Urban Studies; Urban Economics]

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-HCWNHZ5Z-S

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