- Wants
- Needs
- Scarcity
- Choice
- Scale of preference
- Opportunity cost 1021 August 2010
raymond aorScarcity is the abartros of Economics, all economic principles and theories are hinge on the premise of limited scarce resources in the mist of unlimited wants. 1025 November 2010
- Wants
- Needs
- Scarcity
- Choice
- Scale of preference
- Opportunity cost