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deal with the problem of scarcity.
Scarcity
answer 2 The fundamental question in economics concerns the Transaction.
At a simplistic end, a transaction is a simple exchange, with both parties equally satisfied with the outcome. This 'zero-sum' view is rather shallow.
After a transaction has been completed, BOTH parties consider they are better off than before the exchange. This conflicts with the zero-sum approach.
The fundamental laws in economics are the Law of Diminishing Returns, and the Law of Economies of Scale.
These form the driving forces behind Production and Consumption.
But it would be equally shallow to regard there being one Problem (/Solution) that outweighed all others.
The 'silver bullet' approach is analogous to the 'winner takes all' - a balanced view should always be considered.
Just a few thoughts.
What else can I help you with?
This type of economics addresses the question what is?
Pure Economics addresses this question.
What are the central concerns of the economics?
An economy is a system by which a group of people can arrange to provide various goods and services to each other for their mutual benefit. Economics attempts to figure out successful ways to do this.
What are the three answer to economics question?
no no yes
This type of economics addresses the question how can you achieve the goals that have been established?
Applied Economics A+
What is the effects of economics?
Economics is academic subject,question you asked is irrelavant or not completly asked.
This type of economics addresses the question what is?
Pure Economics addresses this question.
What are the central concerns of the economics?
An economy is a system by which a group of people can arrange to provide various goods and services to each other for their mutual benefit. Economics attempts to figure out successful ways to do this.
What are the three answer to economics question?
no no yes
This type of economics addresses the question how can you achieve the goals that have been established?
Applied Economics A+
What question would have the answer economics?
What is the study of production, consumption, and transfer of wealth? The answer would be economics.
What is the effects of economics?
Economics is academic subject,question you asked is irrelavant or not completly asked.
SYBA Old Question Paper?
economics
How are economic and politics linked in Central America?
In Central America, Economics can sometimes shift politics into becoming less moral and more business-oriented
How could the subject of economics be turned into an interesting question for this job?
Economics is a very interesting subject, and a large issue connecting the entire globe. An interesting question for this job relating to economics might be "What types of things would a person learn in a college Economics course?"
What topic is central to the study of economics?
examining the distribution and use of limited resources
What are all the Examples of positive economics?
please answer the question..
How are foreign exchange rates configured?
Foreign exchange rates are often based on a central value or currency. The actual rate will be based on the value of the currency in question against this central value. These values fluctuate from day to day depending on various factors in economics and politics.
