You will be given a definition of a task first, then some input of the task.
In this task, we ask you to elaborate the sentence without changing its general meaning. You can do so by explaining further the input sentence, using more precise wording, adding qualifiers and auxiliary information etc.

The Austrian School is a school of economic thought based on the actions of the individual person .
Output:
The Austrian School is a heterodox school of economic thought that is based on methodological individualism — the concept that social phenomena result exclusively from the motivations and actions of individuals .