👉 In economics, a "non-extratortive" or "nonextratensive" approach is one that does not seek to maximize utility but rather minimizes overall cost. This means that it seeks to achieve a balance between maximizing utility and minimizing costs without violating the principle of utility maximization. Nonextratorts are often associated with market economies where there is no central planning, and individuals have complete freedom to make decisions based on their own preferences and desires. In such a scenario,
