conomics deals with the efficient use of resources. Why? 3. Marginal analysis produces more optimal outcomes when working with scarce resources. How?
-Economics deals with the efficient use of resources. Why?
3. Marginal analysis produces more optimal outcomes when working with scarce resources. How?
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Economics majors have a better understanding of the world around them. People can better respond to threats and opportunities that arise when conditions change when they are able to understand other people, organisations, markets, and governments. Resource efficiency is the sustainable use of the planet's limited resources with the least possible negative impact on the environment. It enables us to produce more with fewer resources and deliver more value with fewer efforts.
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