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lectur5-page11 - For all practical purposes human wants may...

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11 11 Limited Resources: Resources are also called " factors of production" or "inputs." u LIMITED implies the concept of SCARCITY u
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Unformatted text preview: For all practical purposes, human wants may be regarded as limitless. Do we ever have enough goods and services?...
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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