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What are the 4 main concepts to know about economics?

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Goods & services, Scarcity, choices, & Rescources.

Then of course you need to know about, Micro, macro, positve, & normal economics.
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Power comes from scarcity.

People react to incentives.

Money must be backed by production.

There's no benefit without cost.

But also, strategic trade can increase a country's well-being.
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