Question

the fundamenta concept of economic about resources is that the resources are​

Answer 1

ᴀᴛ ᴛʜᴇ ᴍᴏsᴛ ʙᴀsɪᴄ ʟᴇᴠᴇʟ, ᴇᴄᴏɴᴏᴍɪᴄs ᴀᴛᴛᴇᴍᴘᴛs ᴛᴏ ᴇxᴘʟᴀɪɴ ʜᴏᴡ ᴀɴᴅ ᴡʜʏ ᴡᴇ ᴍᴀᴋᴇ ᴛʜᴇ ᴘᴜʀᴄʜᴀsɪɴɢ ᴄʜᴏɪᴄᴇs ᴡᴇ ᴅᴏ. ғᴏᴜʀ ᴋᴇʏ ᴇᴄᴏɴᴏᴍɪᴄ ᴄᴏɴᴄᴇᴘᴛs—sᴄᴀʀᴄɪᴛʏ, sᴜᴘᴘʟʏ ᴀɴᴅ ᴅᴇᴍᴀɴᴅ, ᴄᴏsᴛs ᴀɴᴅ ʙᴇɴᴇғɪᴛs, ᴀɴᴅ ɪɴᴄᴇɴᴛɪᴠᴇs—ᴄᴀɴ ʜᴇʟᴘ ᴇxᴘʟᴀɪɴ ᴍᴀɴʏ ᴅᴇᴄɪsɪᴏɴs ᴛʜᴀᴛ ʜᴜᴍᴀɴs ᴍᴀᴋᴇ.

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Answer 2

Answer:

At the most basic level, economics attempts to explain how and why we make the purchasing choices we do. Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives—can help explain many decisions that humans make.