Examlex
In 1453, the Ottoman capture of what city put an end to Byzantine rule?
Scarcity
The economic problem of having seemingly unlimited human wants in a world of limited resources.
Free Lunch
An idiom expressing the idea that it is impossible to get something for nothing, disputing the possibility of receiving a benefit without providing compensation.
Economic Thinking
The analytical approach to address economic problems, considering costs and benefits in decision making.
Historical Generalizations
Broad statements derived from studying patterns and trends in history, often used to explain or predict social, political, or economic phenomena.
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