Resources, Scarcity, and Choice

Watch these two videos to learn about resources, scarcity and how we make choices when resources are scarce. As we know, satisfying unlimited wants is impossible. Finding ways to use our scarce resources in ways that optimize society's well-being is one of the most important tasks of the science of economics.

Source: Dr. Mary J. McGlasson, https://youtu.be/yoVc_S_gd_0?list=PLF2A3693D8481F442 and https://youtu.be/0PgP0dXAGAE?list=PLF2A3693D8481F442
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Last modified: Wednesday, May 19, 2021, 6:25 PM