Examlex
Discuss the International Society for Technology in Education's update in technology standards.
Scarce Resources
Resources that are limited in supply and cannot fulfill all the uses and demands placed on them.
Virtually Unlimited
A term used to describe a resource or supply that is so abundant it appears to be almost without limit.
Scarcity and Choice
Refers to the fundamental economic problem of having unlimited human wants in a world of limited resources, leading to the necessity of making choices on how to allocate resources efficiently.
Economic Decision
A choice made by individuals, businesses, or governments that involves the allocation of resources, considering the costs and benefits to optimize outcomes.
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