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Victoria Benson
8 August, 18:55
What's the law of scarcity?
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Edgar Ward
8 August, 19:36
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The law of scarcity simply notes that economic resources - land, labor, capital, and talent - are limited, not infinite. This assumption is easily verifiable by noting that if resources had been infinite, everything should have been free; because it is not, scarcity must exist
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