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What is Scarcity?
What is Scarcity?
Scarcity is the limited nature of society's resources.
2nd Principle of Economics?
2nd Principle of Economics?
The cost of something is what you give up to get it.
- Making Decisions
- Opportunity Cost
5th Principle of Economics?
5th Principle of Economics?
Trade can make everyone better off.
Flip
Seller
Follow
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10 Principles of Microeconomics Part 1
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This lectures provide detailed information on the 10 Principles of Microeconomics
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1. Class notes - 10 principles of microeconomics part 1
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2. Flashcards - Introductory economic questions
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