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Since resources are scarce, it is important to avoid waste in how they are used. If resources are not used effectively and are wasted, they will end up producing less; or they may end up producing goods and services that people do not really want or need. Economics must try to fi nd how best to use scarce resources so that waste can be avoided.
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pdfs

  • owner: Martinus - (no access) - ECONOMICS.pdf, p2
  • owner: Manuel - (no access) - Economics - Ellie Tragakes - Second Edition - Cambridge 2012.pdf, p2


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