choice


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choice

the necessity for CENTRALLY PLANNED ECONOMIES and PRIVATE ENTERPRISE ECONOMIES to have to choose which goods and services to produce and in what quantities, arising from the relative SCARCITY of economic resources (FACTORS OF PRODUCTION) available to produce those goods and services. See ECONOMICS, PREFERENCES.
References in classic literature ?
And when he had spoken, he who had the first choice came forward and in a moment chose the greatest tyranny; his mind having been darkened by folly and sensuality, he had not thought out the whole matter before he chose, and did not at first sight perceive that he was fated, among other evils, to devour his own children.
If the law allows an opulent citizen but a single vote in the choice of his representative, the respect and consequence which he derives from his fortunate situation very frequently guide the votes of others to the objects of his choice; and through this imperceptible channel the rights of property are conveyed into the public representation.
That is your own choice," she said, coming a little nearer to him.
Sometimes her head is shaved, except one lock of hair, which is left her, and even that depends on the will of her husband, who has it likewise in his choice whether he will receive her again or not; if he resolves never to admit her they are both at liberty to marry whom they will.
My friend, I am going to marry this man; I have no choice but to accept his proposal.
As to the Senate, it is impossible that any regulation of "time and manner," which is all that is proposed to be submitted to the national government in respect to that body, can affect the spirit which will direct the choice of its members.
It is in vain for princes, to take counsel concerning matters, if they take no counsel likewise concerning persons; for all matters are as dead images; and the life of the execution of affairs, resteth in the good choice of persons.
Well, on second thoughts, you may take your choice.
You can't understand it; for you men, who are free and make your own choice, it's always clear whom you love.
and perhaps there are a great many why you should--at least there would be nothing strange in your wanting to be my friend, if you were a choice spirit, but then you know you're not a choice spirit.
The Ass carefully divided the spoil into three equal shares and modestly requested the two others to make the first choice.
I take this direction because it requires less exertion, not from choice.