Resources must be allocated because there are not enough resources to produce all of the goods and services that everyone wants.
Resources are not
There are not enough resources to produce all of the goods and services that everyone wants
There are not enough resources to produce all of the goods and services that everyone wants.
Evaluation
The efficient use of scarce productive resources.
Resources are not
There are not enough resources to produce all of the goods and services that everyone wants
There are not enough resources to produce all of the goods and services that everyone wants.
Evaluation
The efficient use of scarce productive resources.
Some goals are incompatible with each other.
Mr Gerrard..... well what can i say about him?? in simple terms he is probably the best teacher ever.
Mr Gerrard..... well what can i say about him?? in simple terms he is probably the best teacher ever.
The study of economics is essentially the study of how to intelligently distribute limited resources in order to best satisfy unlimited wants.
different people want different things out of life APEX
The study of economics from a broad perspective of the resources and factors of production in an economy
Mr Gerrard..... well what can i say about him?? in simple terms he is probably the best teacher ever.