GenRank™

Scarcity, choice, and opportunity cost

idea
GenRank Score
2.6

Fundamental economic concepts: resources are limited, requiring choices, and every choice incurs the cost of the next best alternative foregone.

Also Known As

Scarcity, choice, and opportunity cost
1 question•1 category
What are the key ideas in modern economics?Finance & Economics
Score
2.6
Rank
#91

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Mention Rank: #9