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leonid [27]
2 years ago
12

The factors of production attempt to instill the idea that resources are

History
1 answer:
IrinaVladis [17]2 years ago
7 0

The correct answer is: "SCARCE"

The scarcity of resources is the base of the economic science. Economic agents decide about how scarce resources and factors of production are allocated to manufacture goods and services directed to satisfy human needs which are theoretically limitless. Scarcity involves tradeoffs, giving something up to be able to obtain the scarce item that is desired.

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