Abstract
The economic problem arises because, in comparison with our unlimited wants, we have only limited means. We solve by ‘economising’ - arranging our expenditure so as to obtain the maximum satisfaction from what resources we do have. The economic problem applies to individual consumers, producers and the government.
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© 1994 Jack Harvey
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Harvey, J. (1994). What Economics is About. In: Economics Revision Guide. Palgrave, London. https://doi.org/10.1007/978-1-349-13313-0_1
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DOI: https://doi.org/10.1007/978-1-349-13313-0_1
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-60195-2
Online ISBN: 978-1-349-13313-0
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