Instructional Video

Youtube.com: Economic Scarcity and the Function of Choice

Curated by ACT

A brief lesson on economic scarcity and resources including land, labor, capital, and entrepreneurship. [3:07]

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Concepts
labor, resources, scarcity
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Additional Tags
capital, economic resources, economic scarcity, entrepreneurship, land, e.f.3 people cannot have all the goods and services they want and, as a result, must choose some things and give up others.
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Classroom Considerations
  • This video is hosted on YouTube