basic concepts of economic
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eco nomic means arthashastr it generally add sub. like maths and s.sc
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Scarcity results in choices with opportunity costs.
Values influence economic choices.
Markets provide incentives and ration scarce resources
Perfectly competitive markets are efficient.
Market failure may require government intervention.
Values influence economic choices.
Markets provide incentives and ration scarce resources
Perfectly competitive markets are efficient.
Market failure may require government intervention.
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