basic economic concepts
Answers
Answer:
The basic definition of scarcity is slightly philosophical— humans have unlimited desires but the means of production being finite and limited (labor, land and capital), various trade-offs are to be made to allocate the resources in the most efficient way possible.
MARK MY ANSWER AS BRAINLIEST AND ALSO FOLLOW ME .
MARK MY ANSWER AS BRAINLIEST AND ALSO FOLLOW ME .
MARK MY ANSWER AS BRAINLIEST AND ALSO FOLLOW ME .
MARK MY ANSWER AS BRAINLIEST AND ALSO FOLLOW ME .
Explanation:
MARK MY ANSWER AS BRAINLIEST AND ALSO FOLLOW ME .
MARK MY ANSWER AS BRAINLIEST AND ALSO FOLLOW ME .
MARK MY ANSWER AS BRAINLIEST AND ALSO FOLLOW ME .
MARK MY ANSWER AS BRAINLIEST AND ALSO FOLLOW ME .
Answer:
The basic economic concepts are of two:
Explanation:
1. Concept of Demand
2. Concept of Supply