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why are ecomics scarce?
i would say it is plentiful because its a natural resource that can be renewed. It(a windmill plant) is very useful, but can also destroy habitats and kills birds...T-T
It was developed by a Dutch economist and businessman.
When economist says price floors means above equilibrium and leads to undermanned surplus. When they say price ceilings it means price below equilibrium which leads to unsupplied shortage.
Mechanical Resource or Material Resource (that is to say, equipment)
Its known as a trade surplus
Its known as a trade surplus
Possibly because making all those cars means that less of the resources used to mold and craft the car's materials is depleted, and that resource is possibly non-renewable.
W. Andrew Achenbaum.
When resources are not freely or abundantly available you say they are scarce or limited.
I would say the US economy is currently in a depression, but I am not an economist, and I do not think you will hear any economist say that at this point. But I am calling it a depression. Two years ago was a recession, now we're in a depression. Yes, but the magnitude is still unknown.
economics is useless because it is based on assumptions made by economists............