MicroEconomics 4.1.1.2 - The Nature and Purpose of Economic Activity
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- Created on: 06-12-19 10:49
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- 4.1.1.2 - The Nature & Purpose of Economic Activity
- Limited Resources, we need to decide
- WHAT to produce
- HOW to produce it
- WHO it benefits/is allocated to
- The central purpose of economic activity is the production of goods & services to satisfy needs and wants
- Limited Resources, we need to decide
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