Examlex
No work is done by gravity on a bowling ball that rolls along a bowling alley because
Scarcity of Resources
The fundamental economic problem of having seemingly unlimited human wants in a world with limited resources.
Necessity of Choice
An economic principle stating that due to scarce resources, individuals and societies must make decisions on how to best allocate those resources.
Self-Sufficient
The quality or condition of being able to fulfill all one's needs without reliance on external assistance.
Specialize
To focus on a specific area of production or study to gain efficiency or expertise.
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