# What do these words mean Economics- Opportunity cost Scarcity Demand Supply

1 answer

###### Question:

what do these words mean

Economics-

Opportunity cost

Scarcity

Demand

Supply

Economics-

Opportunity cost

Scarcity

Demand

Supply

## Answers

Answer: Economic means relating to economics or the economy.Opportunity cost means: The loss of potential gain from other alternatives when one alternative is choseScarcity means: The state of being scarce or in short or in short supply; shortageDemand: an insistent and peremptory request, made as if by rightSupply: make something needled Ir wantsd available to someone;providedExplanation:

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