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The basic economic problem is about scarcity and choice, which every society has to deal with.
first of all, ask yourself the definition of economic choice
scarcity and choice
scarcity,choice ,demand
scarcity,choice and opportunity cost
The basic economic problem is about scarcity and choice, which every society has to deal with.
first of all, ask yourself the definition of economic choice
scarcity and choice
scarcity,choice ,demand
scarcity,choice and opportunity cost
I bet you regret learning about economics now because i do ok, i do
Economic growth cannot eliminate scarcity and choice. There are no resources that are infinite.Egoism and its 'rational' variant 'capitalism' have a very simple basic principleRead more: Scarcity_and_choice
Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.
the basic economic problem in the socity is choice,as we do not have enough resources to satisfy human wants, we find it difficult to choose between two or more choices which leads to opportunity cost.
which one of the following is not one of the basic economic question
Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.
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