People have wants, but resources are scarce, so demand and supply affect resource use and need satisfaction {economics}| {political economy}. Economics topics are bonds, business, circulation, demand, distribution, goods, government, margin, market, money, relative advantage, scarcity, securities, services, stocks, supply, and trade.
philosophy
Economics assumes people separately make rational choices to maximize personal benefit and minimize personal harm {individualism, economics}, rather than being affected by traditions, duties, social pressures, or other community effects. Business make supply to meet people's preferences. Demand and supply set prices.
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Date Modified: 2022.0224