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17 Apr 2018 This book, originally published in 1975, is an attempt to bridge the gap between economic theory and business practice by relating the tools of economic. DownloadPDF 13.55MB Routledge eBooks are accessible via the free VitalSource Bookshelf® app for personal users and cannot be accessed on  WHAT IS ECONOMICS? Economics is the study of how individuals and societies make choices subject to constraints.The need to make choices arises from scarcity. From the perspective of society as a whole,scarcity refers to the limitations placed on the production of goods and services because factors of productionare finite.

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