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People use resources to improve whatever they have or even misuse the resources available to satisfy their needs and wants. Economics is not just about the decisions made by governments or businesses which we think have a greater impact to each individual. It is about how we make choices everyday- choices on the use of different resources, and the fact is, all resources that we need each day is limited.
In the world today, we all live in scarcity. We cannot have, all the things that we want or need. We have to make choices! Economics touches almost every aspect of our lives, from unemployment, prices of goods and services, wages and politics...
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