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In economics, one fundamental principle that is always true is the concept of scarcity. Resources are limited while human wants are virtually unlimited, leading to the necessity of making choices and trade-offs. This scarcity drives the allocation of resources, influencing supply and demand dynamics, prices, and ultimately economic behavior. Consequently, every economic decision involves an opportunity cost, reflecting the value of the next best alternative foregone.
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Economics is not about a service?
true
Is economics is classified as a social science?
true
True or False Does Economics use the scientific method?
true
Economics is classified as a social science.?
true
What is the difference between economy and economics?
The difference is that Economy is a system and Economics is the study of something.
What is it called when something is always true?
an absolute
Economics is not about a service?
true
Is economics is classified as a social science?
true
Is it true that people who are bad at essays but good at math and economics will fail physics chemistry and engineering?
It always depend on the person if he will pass a subject or not.
True or false the greasers and the socs are divided by economics?
true
Economics is the universal political quarrel. True or False?
True
True or False Does Economics use the scientific method?
true
Economics is classified as a social science.?
true
What is the tense of the word always?
Only verbs have tenses, and ALWAYS is an adverb!
For example Pizza Oven is a capital goods in economics True Or False?
True.
What is the difference between economy and economics?
The difference is that Economy is a system and Economics is the study of something.
What is difference between economics and economy?
The difference is that Economy is a system and Economics is the study of something.
