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If Each Breeding Pair of Elephants Produces 6 Offspring During

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If each breeding pair of elephants produces 6 offspring during a 90-year life span, in 750 years, a single pair of elephants will have given rise to a population of 19 million elephants. Yet elephants have not overrun the planet. WHY?


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A scenario where a good or service is offered at no cost to the consumer, potentially to stimulate demand or offer a benefit.

Product Markets

Markets where final goods and services are bought and sold, contrasting with markets for inputs used in production, like labor and raw materials.

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Intangible products such as education, healthcare, and entertainment, provided and consumed at the same time, contributing to an economy's output.

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Scarce resources are materials, goods, or services that are limited in availability relative to the desires or demands of human beings.

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