Examlex
A real estate company kept a database on the apartments in a certain city.The percentages of various types of apartments are listed below.
What percentage of the apartments in the city are 1-bedroom or 2-bedroom apartments?
Society
An organized group of individuals living together in a structured community with shared laws, traditions, and values.
Economizing Problem
The need to make choices about how to best use limited resources to satisfy unlimited wants.
Limited Resources
The economic principle that the available resources (such as time, money, and raw materials) are insufficient to satisfy all wants and needs.
Unlimited Wants
The economic concept that human desires and needs are infinite and vary in intensity, contrasting with limited available resources.
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