Economics deals primarily with the concept of: A. poverty
B. scarcity
C. change
D. money
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Economics deals primarily with the concept of: A. poverty
B. scarcity
C. change
D. money
The correct answer is B. scarcity.
Economics fundamentally revolves around the concept of scarcity, which refers to the limited nature of resources available to meet infinite human wants and needs. This scarcity forces individuals and societies to make choices about how to allocate resources effectively. While poverty, change, and money are important topics in economics, they are all influenced by the fundamental issue of scarcity. If you need deeper insights into economic concepts, feel free to check the extended services page!