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What IS Economics? Economics What IS Economics? Economics

What IS Economics? Economics - PowerPoint Presentation

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Uploaded On 2018-11-09

What IS Economics? Economics - PPT Presentation

is the study of how people seek to satisfy their needs and wants by making choices What is a need A need is something necessary for survival Examples What is a want A want is an item we desire but is not essential to survival Examples ID: 725201

opportunity cost trade offs cost opportunity offs trade margin extra goods capital time decision people land services person hour

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