students learn is that economics is about decision making in the face of scarcity. Anything and everything in a market is implicitly defined as scarce. With scarcity as the main principle, the mindset that follows is based on commodification of goods and services.
“students learn is that economics is about decision making in the face of scarcity. Anything and everything in a market is implicitly defined as scarce. With scarcity as the main principle, the mindset that follows is based on commodification of goods and services.”
And this is why I hated ECON classes.
