Key element of economics, Select the one “Key Element of

Key element of economics

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Reference no: EM131235822

1. Select the one “Key Element of Economics” that you believe is the most important thing someone just learning about our economic system should know.

2. Explain the concept in simple terms, providing examples of the favorable things that can happen when this concept is understood and the unfavorable tings that might happen when this concept is misunderstood or ignored.

Write a four to five paragraph essay that conveys the key element information.

Reference no: EM131235822

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