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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Unit 1 paper

Unit 1 paper

Q Instructions Please submit a three to four page paper, double spaced with proper APA citations answering the following: In economics we assume people are rational actors who try to maximize their happiness. Using economic concepts, discuss and describe why volunteering and charitable giving exist in a capitalistic society. Please upload a PDF document into the system for submission. NOTE: This paper should have a minimum of three citations. Please review the grading rubric to learn how grade will be calculated. Students are encouraged to use the library resources to research their papers. Recognizing and Avoiding Plagiarism

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Charity as a Rational Behavior Economics surrounds the concept of demand and supply. This tool is used on the platform called market. A market is a place or a non-physical concept where consumers and producers meet and mix. The products and services are moved in and get traded in the market for a reason. It is because there is demand for the product in the market and equally a supply that is generated to meet the demand that is created. The concept of scarce resources keeps things moving and people have unlimited wants to meet the market. Rational thought process