Resources: Factors of production such as land, l a bour, and capital.
Scarcity: Society has less to o↵er than people wish to have Society has limited resources, people face tradeo↵s(make decisions)
Economics = Science of choices
Resources: Factors of production such as land, l a bour, and capital.
Scarcity: Society has less to o↵er than people wish to have Society has limited resources, people face tradeo↵s(make decisions)
Economics = Science of choices
status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
---|---|---|---|---|---|---|---|
repetition number in this series | 0 | memorised on | scheduled repetition | ||||
scheduled repetition interval | last repetition or drill |