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27 January, 23:23

Which of the following best illustrates the importantance of addressing the three questions of economics

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  1. 27 January, 23:31
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    The three question of economics are: what to produce, how to produce and for whom to produce? All of this implicate the scarcity of resources, which is what sums up all three questions. How to efficiently use what we have in order to make the biggest output possible? Inputs are limited, and businesses should use resources wisely, in a planned manner.
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