Economy, asked by mahir7266, 1 year ago

scarcity is the core of economics discuss

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Answered by Riteshbhaladhare
8
Scarcity, or limited resources, is one of the most basic economic problems we face. We run into scarcity because while resources are limited, we are a society with unlimited wants. Therefore, we have to choose. ... Economics is the study of production, distribution, and consumption of goods and services.

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