2 Economic Systems - Weebly
Namibia in southern Africa, for example, have lived as subsistence farmers for centuries. (Subsistence farmers grow just enough to feed their own families.) Modern tele-communications, however, have bombarded the Kavango with images of the world beyond their homeland. As a result, many young Kavango want something more than the life of ...
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CHAPTER 1 The Economic Way of Thinking - Weebly
dawnquarles.weebly.comCHAPTER 1 KEY CONCEPT Scarcity is the situation that exists because wants are unlimited and resources are limited. WHY THE CONCEPT MATTERS You confront the issue of scarcity constantly in everyday life. Look again at the caption on page 2. …
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