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Title: BASIC ECONOMIC TERMS
Description: Economics is a social science; it is the study of how people interact with each other. Individual behaviour unlike robots is not easily predictable. However, group behaviour is quite predictable and can be studied with ease. On average, economists have discovered that human beings tend to act in the same way. To better understand economics, we must define Scarcity, Choice, Opportunity Cost, Utility & The Basic Economic Problem
Description: Economics is a social science; it is the study of how people interact with each other. Individual behaviour unlike robots is not easily predictable. However, group behaviour is quite predictable and can be studied with ease. On average, economists have discovered that human beings tend to act in the same way. To better understand economics, we must define Scarcity, Choice, Opportunity Cost, Utility & The Basic Economic Problem
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Title: BASIC ECONOMIC TERMS
Description: Economics is a social science; it is the study of how people interact with each other. Individual behaviour unlike robots is not easily predictable. However, group behaviour is quite predictable and can be studied with ease. On average, economists have discovered that human beings tend to act in the same way. To better understand economics, we must define Scarcity, Choice, Opportunity Cost, Utility & The Basic Economic Problem
Description: Economics is a social science; it is the study of how people interact with each other. Individual behaviour unlike robots is not easily predictable. However, group behaviour is quite predictable and can be studied with ease. On average, economists have discovered that human beings tend to act in the same way. To better understand economics, we must define Scarcity, Choice, Opportunity Cost, Utility & The Basic Economic Problem