Economy, asked by bangalsajan, 3 months ago

What is the basic rule of economics?

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Answered by khanmdazeem701

1

Answer:

SEVEN ECONOMIC RULES: A set of seven fundamental notions that reflect the study of economics and how the economy operates. They are: (1) scarcity, (2) subjectivity, (3) inequality, (4) competition, (5) imperfection, (6) ignorance, and (7) complexity. ... The value of goods and services is subjective.

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