The most bizarre thing that one may encounter is a person who is astoundingly rich willingly hand out their money to charities and the needy. One would gaze in amazement at a person with the ability to buy the whole world over twice blindly throw their money at people who are desperately in need, with a mile wide grin covering their face. No law of economics justifies this behavior. Each and every person is expected …showed first 75 words of 1362 total…

…showed last 75 words of 1362 total…preferences. The way that a person is raised, and the people that one befriends, has a major role in their way of thinking. Therefore, it plays a large role in the way they act economically. Economics and its concepts alone cannot explain the way people behave; only psychology has the ability to do that. It is inevitable that psychology be tied in with economic concepts in order to even being to interpret one's economic actions.