Examlex
State 10 kilowatt-hours as megajoules.
Good
A tangible product used to satisfy human wants.
Basic Economic Problem
The fundamental issue of scarcity faced by societies, where there are limited resources to meet unlimited wants and needs.
Scarcity
The fundamental economic problem of having seemingly unlimited human wants in a world with limited resources.
Industrialized
Pertains to countries or regions that have developed complex and diverse economies with extensive industrial activity as compared to agriculture or primary production.
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