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Tag: Microeconomics

Scarcity

Foundations of Economics: The Law of Scarcity

July 8, 2018 discusseconomics

Foundations of Economics: The Law of Scarcity Most of the basic laws of economics focus on ways to efficiently build wealth and prosperity over time.

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Microeconomics Cost Formulas

May 2, 2017 discusseconomics

Here is a list of some of basic microeconomics formulas pertaining to revenues and costs of a firm. Remember when you’re using these formulas there

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