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5 January, 16:17

The basic truth that underlies the study of economics is the fact that we all face:

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  1. 5 January, 16:33
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    The basic truth that underlies the study of economics is the fact that we all face scarcity. Scarcity is the fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources. It states that society has insufficient productive resources to fulfill all human wants and needs.
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