Economy, asked by Rakshita1Sharda, 4 months ago

State the major ideas involved in Economics

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Answered by kirtidogra85

1

Answer:

Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives—can help explain many decisions that humans make. ... As a result of scarce resources, humans are constantly making choices that are determined by their costs and benefits and the incentives offered by different courses of action.

Answered by sujalsahu718

1

Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives—can help explain many decisions that humans make.

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