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Opportunity Costs
The cost of missing out on the top alternative by deciding on another option.
Scarce Resources
Natural, human, and artificial resources that are limited in supply and cannot satisfy all human wants and needs.
Secondary Effects
The unintended consequences of economic actions, which can occur as indirect results of a policy or event.
Economic Actions
Decisions or behaviors taken by individuals, firms, or governments that affect the production, distribution, and consumption of goods and services.
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