"Scarcity and Choice"
Introduction In this chapter you have learned that economics is the study of how people use limited resources to meet unlimited wants or needs. Consumers, businesses, and governments all must make economic decisions based on scarcity. To make wise choices consumers must understand the type of economy they have and stay informed. They must weigh their needs and wants against the impact the production of those products and services might have on others and the environment.
Destination Title: The U.S. Department of the Interior
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