Examlex
What were the turning points in the American Revolution? Discuss the changes that resulted and how they affected the direction of the war.
Economics
The social science that studies how individuals, governments, firms, and nations make choices on allocating resources to satisfy their wants and needs, attempting to determine how these groups should organize and coordinate efforts to achieve maximum output.
Scarcity
The fundamental economic problem of having seemingly unlimited human wants in a world with limited resources.
Society
Society refers to a group of individuals living together in a more or less ordered community, sharing common traditions, institutions, and values.
Scarcity
The basic challenge in economics of limitless human desires within a finite resource environment.
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