Concept 1: Foundations of Economics

Concept 1: Foundations of Economics

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Concept 1: Foundations of Economics
The foundations of economics are the application of basic economic concepts and decision-making skills. This includes scarcity and the different methods of allocation of goods and services.

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		PO 7. Discuss how people can be both producers and consumers of goods and services.

Concept 1: Foundations of Economics The foundations of economics are the application of basic economic concepts and decision-making skills. This includes scarcity and the different methods of allocation of goods and services.

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