Examlex
Which of the following is a "how much" decision?
Institutions
Structures or mechanisms of social order governing the behavior of a set of individuals within a given community, including laws, norms, and organizations.
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.
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