Over the passage of time, economic problems in the world change, but principal issues remain the same. What are they?
There is one principal issue of economics that exists at all times and in all places. This is the issue of scarcity. Economics (as a study) exists because scarcity always exists.
Scarcity is defined as the condition in which human beings' wants will always be greater than the...
(The entire section contains 155 words.)
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