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 periodicals archive ?
Criteria for quality decision making include a wide range of choice, a full range of objectives to be fulfilled searching for new information relevant to evaluation of all possibilities taking into account opposite points of view examining both positive and negative consequences of alternatives, making detailed provisions for implementing the final decision (Janis & Mann, 1977).
Swarthmore social theorist Barry Schwartz explored their findings in his book The Paradox of Choice.
Some say things like "If people are too stupid to take advantage of freedom of choice, then the hell with them.
Consequently, freedom of choice in employment situations should be reflected on all levels of rehabilitation, including those individuals with the most severe disabilities.
At no time in recent memory has the philosophy of choice and liberty divided women and their allies so much as in that brand currently espoused by women like Madonna, Camille Paglia, and even feminist author Naomi Wolf.
Ron Goldstein, president of CHOICE Administrators[R], was a featured speaker at the California Association of Health Plans (CAHP) annual conference on October 18 in Indian Wells, leading a session that addressed the benefits of Employee Choice health benefit programs based on defined contribution.
As the number of choices keeps growing, negative aspects of having a multitude of options begin to appear," writes Swarthmore psychologist Barry Schwartz in The Paradox of Choice, published in January 2004.