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_____ are members of a group of people who, because of physical or cultural characteristics, are singled out from the others in the society in which they live for differential and unequal treatment, and who therefore regard themselves as objects of collective discrimination.
Economizing Problem
The fundamental economic issue of meeting people's unlimited wants with limited resources, necessitating choices and priorities in resource allocation.
Economic Wants
The desires of individuals or societies for goods and services that provide utility and satisfaction, exceeding the basic needs for survival.
Economic Means
The methods or tools employed to allocate and utilize resources efficiently in the production, distribution, and consumption of goods and services.
Rational Allocate
The process of distributing resources or effort in a way that maximizes the achievement of objectives, based on logical reasoning.
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