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SarahO0805

Answer:

the choices necessitated because society's economic wants for goods and services are unlimited but the resources available to satisfy these wants are limited (scarce)

ItzHimadri

Hello there !!!

Answer:

The elements of Economizing Problem are:

  • Scarcity of Resources - most goods are scarce ( except air )

  • Unlimited Wants - everyone wants more ( more is better than less )

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