Economy, asked by atulsharma5148, 1 month ago

economics is the study of scarcity discuss​

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Answered by pankami680
0

Answer:

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Answered by aaditya085
1

Answer:

The basic economic problem is that needs and wants are unlimited, but resources are scarce. ... Scarcity means that resources are limited, and because resources are scarce, people must make choices. Economics is the social science that studies how people use scarce resources to satisfy unlimited needs and wants.

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