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  • 04-04-2021
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Why economic is important? List 6

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gabrielestarad1221
gabrielestarad1221 gabrielestarad1221
  • 01-07-2021

Answer:

Scarcity results in choices with opportunity costs.

Values influence economic choices.

Markets provide incentives and ration scarce resources.

Perfectly competitive markets are efficient.

Market failure may require government intervention

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