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Scarcity in economics
Topic: First, research one of these topics:
- Free market
- Economic incentives
- Property rights
- Scarcity in economics
- Making decisions at the margin
- Opportunity costs
- Division of labor
- Market equilibrium
- In the first paragraph, discuss the relevant economic theory of your topic (your textbook: Economics private and public choice 15th Edition(Gwartney). is a good source for this paragraph).
- In the second, you must include outside research to corroborate your thread (from the Liberty University Online Library or elsewhere).
- In the third, cite and discuss a real-world example of your topic.
- In the fourth, integrate biblical insights into your Discussion Board posts.
- Title your thread according to your topic.