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All problems in economics are about scarcity, that is, about how to use given resources for satisfying competing objectives. Discuss this statement using real-world examples,

All problems in economics are about scarcity, that is, about how to use given resources for satisfying competing objectives". Discuss this statement using real-world examples, and referring to the two fundamental paradigms in economics, being neo-classical economics and classical political economy, and their analytical features

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