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Title: Scarcity & Opportunity cost of capital
Description: A brief introduction on what economics is and the difference between Microeconomics and Macroeconomics. A clear explanation of some key concepts of what scarcity, opportunity cost of capital and trade-off is. Lastly there is an illustration of what the production possibility boundary is used for and what it means in economics.
Description: A brief introduction on what economics is and the difference between Microeconomics and Macroeconomics. A clear explanation of some key concepts of what scarcity, opportunity cost of capital and trade-off is. Lastly there is an illustration of what the production possibility boundary is used for and what it means in economics.
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Title: Scarcity & Opportunity cost of capital
Description: A brief introduction on what economics is and the difference between Microeconomics and Macroeconomics. A clear explanation of some key concepts of what scarcity, opportunity cost of capital and trade-off is. Lastly there is an illustration of what the production possibility boundary is used for and what it means in economics.
Description: A brief introduction on what economics is and the difference between Microeconomics and Macroeconomics. A clear explanation of some key concepts of what scarcity, opportunity cost of capital and trade-off is. Lastly there is an illustration of what the production possibility boundary is used for and what it means in economics.