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What are the basic concepts of economics? *

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What are the basic concepts of economics? *

asked Jan 6, 2022 203k views

13 votes

What are the basic concepts of economics? *

Social Studies
high-school

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2 Answers

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Scarcity, supply, and demand, cost and benefits.

Olotiar answered Jan 8, 2022

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9 votes

Answer:

Explanation:scarcity, supply and demand, costs and benefits, and incentives—can help explain many decisions that humans make.

Jeremy Kao answered Jan 13, 2022

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