Social and Economic Behavior

Social and economic behavior refers to how individuals and groups make decisions and interact based on social influences and economic factors. Social behavior examines our interactions, norms, and relationships, while economic behavior looks at how we allocate resources, make purchases, and respond to incentives like prices or income changes. Together, they illustrate how personal choices are shaped by societal norms and economic conditions, influencing everything from consumer spending to community engagement and policy support. Understanding these behaviors helps us grasp broader societal trends and economic outcomes.