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Rajesh Krishnamurthy
Flowchart by , created more than 1 year ago

The basic economic problem and its effect in a simple flowchart

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Rajesh Krishnamurthy
Created by Rajesh Krishnamurthy over 8 years ago
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Wants are unlimited
Resources are limited
Creates scarcity
Choices should be made
Leads to opportunity cost.
Real economic problem
Must be used efficiently