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5 December, 09:33

Which are fundamental principles of economics?

(Select all that apply.)

How will it be taxed?

How will it be produced?

How will it be defended?

How will it be distributed?

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Answers (1)
  1. 5 December, 12:19
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    How will it be distributed?

    Explanation:

    The fundamental principle of Economics is how will it be distributed? Economics is the study of production consumption and transfer of goods and services. There are two types of economics - Microeconomics and Macroeconomics.

    The distribution of wealth in the market is the main fundamental principle of the Economics. How income is distributed in the market and how the goods and services are produced to keep the demand and supply in check.
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