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All societies face the economic problem, which is the problem of how to make the best use of limited, or scarce, resources the economic problem exists because. Economics opportunity cost lesson plan related posts: what is economics economics is the study of how a society uses its resources to satisfy its wants. Web developer and blogging enthusiast have keen interest in reading physics/ astronomy/ world politics/ economics related news and articles leave comment. Much more than finance, banking, business and government, a degree in economics is useful to all individuals and can lead to many interesting career choices.
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