Neoclassical economics

Neoclassical economics is a type of economics that looks at how people use scarce resources to make decisions that will get them the best result. It looks at how people weigh the costs and benefits of different choices and how those choices impact their lives. It also looks at the overall economy and how different decisions can cause the economy to grow or slow down. It is based on the idea that people try to make the best decision they can with limited resources and time.