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Essay

What is economics

Essay specific features

 

Issue:

Business

 

Written by:

Sabrina N

 

Date added:

April 21, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1136

 

Was viewed:

9349 times

 

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Essay content:

There are many reasons why we have these limitations but to sum up all these in two words are scarcity and incentives. We can break these two situations in to two, scarcity and incentives. Our ability to not able to truly satisfy our wants are called scarcity. All people face scarcity whether it be the rich or the poor...
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All people face scarcity whether it be the rich or the poor. When we face scarcity or shortages we must choose amongst the choices and options we are given, or in other words alternatives. We must choose whether we want either choice A or choice B. But amongst these alternatives we have an incentive, and this incentive is the choice we make between the two choices we are given...
displayed 300 characters

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