Examlex
Which force is responsible for moving water up to the tops of the trees?
Goods
Tangible products that are manufactured, bought, or sold, fulfilling the needs or desires of consumers.
Choices
The act of selecting between two or more possibilities or options in a decision-making process.
Rationing
Allocating a limited supply of a good or resource among people who would like to have more of it. When price performs the rationing function, the good or resource is allocated to those willing to give up the most “other things” in order to get it.
Scarcity
The essential economic dilemma revolves around the vastness of human aspirations contrasted with the limitations of available resources.
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