How People Make Economic Decisions Essay Example | Topics and Well Written Essays - 500 words

How People Make Economic Decisions - Essay Example This decision involved comparison of marginal benefits and marginal costs associated with it. Establishing the auditing firm would offer me a better chance to exploit and realize my potential in the real world as I won't be tied to very stringent policies as those of my firm can oftenly be amended at will and hence more flexible. In case the auditing firm became a success, it would generate profits that would surpass my previous income by far. This will create more time me to pursue my own ambitions including working extra hours. Being my own boss is more satisfying and assuring in terms of mutual growth as the firm grows. It was easier for me to grow up the rank in my own establishment to the post of a CEO as opposed to my previous employment. Large capital and other resource requirement required to kick-start the auditing firm. Conforming to the legal requirement s (rules and regulations) of the state and regulatory authorities required for the auditing firm to be operational. Losing the job security that was attached to my previous employment and starting an auditing firm whose success was not certain.