Welcome to the wild World of Econ! It is a place where we attempt to put a finger on human behavior so that we can further understand how to guide economic decision making. Limited resources have forced us all to make choices and to sacrifice wants in exchange for other wants. Scarcity rules as king, forcing each and everyone one of us to make sacrifices.
As we start our journey it Economics we will look at several important questions:
What exactly guides our decision making?
Are the goods consumers want always produced in the quantities we want them?
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