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  • 14-02-2022
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Economics is the study is scartcity. This exists due to

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fahadshaikh1908
fahadshaikh1908 fahadshaikh1908
  • 14-02-2022

Answer:

Economics is the study of how humans make choices under conditions of scarcity. Scarcity exists when human wants for goods and services exceed the available supply. People make decisions in their own self-interest, weighing benefits and costs.

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