The Basic Economic Problem

Eco

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  • Created by: addyboy1
  • Created on: 28-12-14 21:29
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  • Basic Economic Problem: Infinite Wants.
    • However no one  would choose to live at the level of basic needs.
    • People have limited needs which need to be satisfied.
      • E.g: Materalistic needs / emotional needs
    • This is because human wants are unlimited.
    • There is always something a human wants more of.

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