It is said that a market consists of buyers and sellers with facilities communicate with each other.
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Question:
It is said that a market consists of buyers and sellers with facilities communicate with each other.
(a)Using relevant examples, explain how society answers the three basiceconomic questions in an attempt to solve the economizing problem of“scarcity of resources an insatiable human wants”.
Related Book For
Probability And Statistics
ISBN: 9780321500465
4th Edition
Authors: Morris H. DeGroot, Mark J. Schervish
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