Agency theory is concerned with resolving problems that can exist in. Economics social science that seeks to analyze and describe the production distribution and consumption of wealth. Pin By Marta M On Studyblr Economics Notes Study Inspiration Study Notes Microeconomics is the social science that studies the implications of individual human action specifically about how those decisions affect the utilization and distribution of scarce resources. . Read more which studies the change in the gross domestic product Gross Domestic Product GDP or Gross Domestic Product refers to the monetary measurement of the overall. Sunk costs are contrasted with prospective costs which are future costs that may be avoided if action is taken. The agency theory is a supposition that explains the relationship between principals and agents in business. Macroeconomics is a branch of economics dealing with the performance structure behavior and