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Scarcity is a starting point in thinking economically because people need to know how to get themselves out of tough financial situations. In order to be fiscally successful, they must plan for times of scarcity.

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Bridgette Sipes

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2y ago

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Why is the idea of scarcity a starting point for thinking economically?

Scarcity is a starting point in thinking economically because people need to know how to get themselves out of tough financial situations. In order to be fiscally successful, they must plan for times of scarcity.


Why is the idea of scarcity a starting point thinking economically?

Economics seeks to solve the scarcity problem, which exists because resources are limited whereas needs and wants are unlimited.


Is thinking a idea as a noun?

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What is an idea that sits heavy?

it is an idea that you cant stope thinking about and that keeps on bathering you


What is an idea you cant stop thinking about?

an obsession :)


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What Is a Synonym for Quick Thinking?

quick idea


What is mercantilism main goal?

Under the idea of mercantilism, a country will be economically successful if it has more exports than imports.


How can you effectively incorporate the keyword 'innovation' when starting a presentation to captivate your audience"?

To effectively incorporate the keyword 'innovation' when starting a presentation, you can begin by highlighting a groundbreaking idea or a new approach that will grab your audience's attention and show them the potential for creative thinking and progress.


What is the idea of embodied cognition?

Thinking is support by the body


Embodied cognition is the idea that?

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What is the word for thinking only your idea of god is correct?

Blaspheme