Preference (economics) | Wikipedia audio article
Channel: Subhajit Sahu
Date: 2018-11-27

This is an audio version of the Wikipedia Article:
Preference (economics)

Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago.

Learning by listening is a great way to:
- increases imagination and understanding
- improves your listening skills
- improves your own spoken accent
- learn while on the move
- reduce eye strain

Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone.

You can find other Wikipedia audio articles too at:
https://www.youtube.com/channel/UCuKfABj2eGyjH3ntPxp4YeQ

You can upload your own Wikipedia articles through:
https://github.com/nodef/wikipedia-tts



"The only true wisdom is in knowing you know nothing."
- Socrates



SUMMARY
=======
In economics and other social sciences, preference is the ordering of alternatives based on their relative utility, a process which results in an optimal "choice" (whether real or theoretical). The character of the individual preferences is determined purely by taste factors, independent of considerations of prices, income, or availability of goods.
With the help of the scientific method many practical decisions of life can be modelled, resulting in testable predictions about human behavior. Although economists are usually not interested in the underlying causes of the preferences in themselves, they are interested in the theory of choice because it serves as a background for empirical demand analysis.