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The Principle of Aggregation in Economics
A core idea in the study of the economy as a whole is that outcomes at the aggregate level can be very different from what one might expect by simply summing up individual actions. Explain this principle using a clear, hypothetical example. In your explanation, describe an action taken by an individual, the expected outcome for that individual, and the different, aggregate outcome that occurs when a large number of individuals take the same action simultaneously.
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