One may think of the social exchange theory of attraction as an economic model.
An economic model, which is a condensed representation of reality, generates a testable forecast of the future behavior of the economy. The fact that an economic model's design must necessarily be subjective due to the lack of objective standards for economic outcomes is a crucial aspect of the model.
Its major goal is to describe and analyze the prices and volume traded in a competitive market. The model uses equations to determine supply and demand levels in relation to price and other variables.
Economic models are helpful in allowing decision-makers to investigate how a complex economic system is likely to react to alternatives for reducing climate change and to make sure that potential effects are consistent with overall state aims and priorities.
To learn more about the economic model
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