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by an actor and the means are used to attain the end. Praxeology analyzes an actor's goals and beliefs to explain market phenomena. The distinction between free goods and economic goods is unhelpful, and goods are classified as consumers' goods or producers' goods based on their direct or indirect satisfaction of human wants. Value resides in the minds of actors who rank objects according to their desirability. Economics can be built on the subjective scale of values possessed by actual individuals. All actions are voluntary exchanges

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