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10 January, 04:30

Economics is all about making choices. the reason we have to choose one thing over another is:

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  1. 10 January, 05:39
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    I believe the answer is; economic resources are scarce

    Because these resources are scarce, most of people would not be able to obtain all the things that they want. This lead to the people making list of priorities that we feel benefited us the most, and we are willing to make sacrifices of other needs in order to obtain these priorities.
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