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the central problem in economics relates to scarcity, choice and opportunity cost

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14y ago
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11y ago

Scarcity: Our wants are unlimited but, our resources are limited. Essentially, we will never have enough of what we want (I.e. Time, money, food etc...)

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paulbenn

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11mo ago

To explain how workers are exploited.

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Q: What is the central problem in economics?
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