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Answer to Question #70631 in Economics for Ebenezer
Question #70631
If resources were in abundance would there be the study of economics?
Expert's answer
Economics studies how individuals, businesses, governments and nations make choices on allocating limited resources to satisfy their wants and needs.
Therefore, if resources were in abundance, there would not be the study of economics.
Therefore, if resources were in abundance, there would not be the study of economics.
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