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12-09-2019
Business

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What is the basic problem with the economics?

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spencefoxy106 spencefoxy106

12-09-2019

Answer:

Scarcity

The Basic Problem - Scarcity

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.

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