Question

give two limitations of economic​

Answer 1

Answer:

I believe that one limitation in economics is the number of underlying assumption that is being made from a lot of concepts. For example, the law of demand assumes that with lower price, the number of demand will increase. This logic makes perfect sense for us, since consumers are more attracted to products with cheaper price. Hence, the demand graph will usually looks like this in a lot of textbooks

Explanation:

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