Definition
The economic principle is a concept from the economic theory. The basic idea of the principle is that economic entities, e.g. companies or individuals, use scarce commodities/production factors according to their personal preferences to achieve a utility maximisation/profit maximisation.
Abbreviation
Synonyms
Input-output relation
Superterms
Subterms
Sources
https://www.enargus.de/pub/bscw.cgi/d3463284-2/*/*/%c3%96konomisches%20Prinzip.html?op=Wiki.getwiki
