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Scarcity

the state of being scarce or in short supply; shortage.

Resources

A stock or supply of money, materials, staff and other assets that can be drawn on by a person or organization in order to function effectively.

Personal fiance

Management of money and financial decisions for a person, or family including budgeting and investments

Marginal Benefit

Maximum amount a consumer is willing to pay for an additional good or service. Satisfaction or utility that a consumer receives when the additional good or service is purchased.

Economics

The branch of knowledge concerned with the production, consumption, and transfer of wealth.

marginal cost

The cost added by producing one additional unit of a product or service


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