1. Economics Principles: Importance and Advantages
Today we live in a very competitive and crowded Earth which contains limited resources that need to be allocated and distributed properly among societies for maximum benefit, this is called Economics. ... This principle is used in everyday life, for example: purchasing a new laptop can be very expensive or very cheap, it all depends on the time it took to create it, the materials used in it and the performance that the laptop will give to the person who buys it. ... Since resources were not Economics Principles ...
- Word Count: 731
- Approx Pages: 3
- Has Bibliography
- Grade Level: Graduate