Scarcity and Choice

Watch this video, which explains the concept of scarcity and why people make choices in their best interests. Make sure that you go back to the reading from before titled "What Economics Is and Why It’s Important" as it explains to you the meaning of scarcity.

Source: https://www.youtube.com/watch?v=yoVc_S_gd_0
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Last modified: Monday, May 3, 2021, 5:28 PM