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Scarcity is the elemental strategy in Economics. It refers to availability of constrained means to satisfy our unlimited demands. Explicitly, means like manpower, technological know-how, income and raw resources are restricted but our needs and demands are endless. So, learning Economics helps to produce an ideal determination with regards to ways to use these sources in order to meet the need of people. The knowledge of this subject helps us discover the reasons for description this sort of determination. What's more, it supplies plan on building proper selection by looking into the necessity of current market place.
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