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Unveiling the Essentials of Economics: Key Concepts and Principles Explained

Dive into the world of economics to understand the discipline rapidly developing and competing in the realm of human exchange and resource management. Explore key terms like scarcity, resources, satisfaction, and more in this comprehensive overview.

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Unveiling the Essentials of Economics: Key Concepts and Principles Explained

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  1. What is economics about ? Unit1

  2. human race probably art acquire=gain flint skin trade sth. for sth.=exchange discipline major=important subject develop rapidly=fast branch competing thought (n.) defence employment comprehensible housing be difficult to do sth. Vocabulary

  3. everyday (adj.) vague=unclear take account of sth. scarcity virtually=almost resource be deprived OF sth. be well-off in the sense that fill sbd.’s wants satiety want (n.) limited satisfy be satisfied WITH sth. endless be lured BY sth.=be attracted by tempting cleverly Vocabulary

  4. engineer (v.) up-to-date=modern fashion continually highway research (uncount.) be relative to sth. service supply/demand therefore submarine given that…. labour at the core of sth.=at the centre of primary ingredient=component various=different fundamental=essential Vocabulary

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