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Ch. 1: The Nature & Methods of Economics

Ch. 1: The Nature & Methods of Economics. What is Economics?. The social science concerned with the efficient use of limited or scarce resources to achieve maximum satisfaction ( utility ) of human wants and needs . wants are unlimited, means to satisfy the wants are limited.

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2nd correlation - PowerPoint PPT Presentation

Ch. 1: The Nature &amp; Methods of Economics

Ch. 1: The Nature & Methods of Economics