Some Economics Concepts Definition of economics the study of how individuals and societies use limited resources to satisfy unlimited wants. Fundamental economic problem…
Orange Earth The Economic Way of Thinking Dr. T. D. Mitchell Bonneville High School, Idaho Falls, Idaho 1 Scarcity: The Basic Economic Problem Principle 1 People Have Wants…
Daily Ten - Why are all goods and services scarce? a. Some goods have a greater opportunity cost than others b. All people have unlimited wants, but limited resources to…