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.

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