ECONOMY IN THEORY RESOURCES LIMITEDNESS AND ECONOMIC CHOICE
Abstract
This thesis analyzes the problem of resource scarcity in economic theory. The inability to maximize the satisfaction of society's needs in conditions of limited resources gives rise to the concepts of economic choice and efficiency. The thesis covers the process of economic choice, the rational use of resources, and the concept of opportunity cost.
Fields of Study & Subjects
Economic Theory and Institutions
Economic and Business Development Strategies
Economic theories and models
Publication details
- Journal / source
- Zenodo (CERN European Organization for Nuclear Research)
- Publication date
- 19 January 2026