Big question

Economics is essentially the study of consumer and supplier choices while Microeconomics takes a step further into examining who, what, for whom, and all kinds of questions of choices that arise from production and consumption. When we look at choices, we look at logical choices instead of illogical and unreasonable choices because those choices bias the result and our analysis. For example, we don't study the case where a terrorist organization forces six million citizens of Vietnam to purchase diapers manufactured in China because those has nothing to do with logical and rational choices. We examine rational choices because those choices came from reasonable analysis and from the analysis we can predict choices and understand the mindset of the people and the market. What, how, and for whom goods and services get produced are essential questions that economists try to figure out because it is why things are the way they are in the world. Why does pepsi sell coke instead of pizza or why does Steve Jobs give computer to rich people instead of hobos. In PAS, if people are consumers and buyers of the community, the services provided would be education and the teachers would be the seller. The students are the consumer of the service and who gets the service is determined by Pamela who admits different students.

Sometime choices made in the personal interest could benefit the social interests. This might happen because when someone make a personal interest, it is made through logical and reasonable analysis of cost and benefit of the decision that disregards it's social impact. When a decision disregards the social impact, it can do a number of things; it can have a positive impact that benefits the social interest (a person giving money to poor people because he had too much change in his pocket and it became hard to walk while he was in a poor district) or it could harm the social interest (a woman killed fifteen people while she blew up the office building of her cheating husband) or it could have no social impact at all (A banker took a step towards his office to get to work)!