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4 January, 20:09

A basic concept in economics is that all resources are

limited.

allocated.

valuable.

renewable

+4
Answers (1)
  1. 4 January, 20:36
    0
    That all resources are limited

    The more limited one resource is, the more Valuable it become. Sellers can sell diamond in a very high price because it's limited, not many people can get their hands on it.

    That's why you cannot sell breathing air because it's unlimited and all people can easily get it
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