Exam (elaborations)
Edexcel A Level Economics B 1.1 questions and answers
- Course
- A level economics edexcel
- Institution
- California Southern University
1.1.1 - The Economic Problem The basic economic problem Scarcity - unlimited wants and finite resources, so choices have to be made. Resources have to be used and distributed optimally. Scarcity refers to the shortage of resources in relation to the quantity of human wants. Scarcity ...
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