Microeconomics essay

Paragraph one: Think of yourself as an economic agent and describe how you would make choices given the scarcity of resources available for you and your wants. Paragraph two: Economists say that people make choices in order to enhance their well-being. Discuss that in your own perspective and explain what well-being means to you. What do you personally try to enhance when you make an economic choice? Paragraph three: Think of people that are close to you. Explain how your choices can affect their lives in positive and negative ways. Paragraph four: Describe how you and your partner can make choices that are not based on individual needs but social needs. Do you believe it is different from making individual choices? Is it easier or harder? Give emphasis to how one can solve the conflict on the case where the well-being of one individual might affect negatively the well-being of the other. total four paragraph.