The Nature of Economics
- Grade Level: Junior High (7-9)-Senior High (10-12)
- Subjects: Economics
- Produced By: Classroom Video
- Year: 2001
- Country: Australia
- Language: English
- Running Time: 21m
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North American Version. The economic problem arises because people have unlimited wants, but limited resources with which to satisfy them. We investigate the characteristics of wants and resources, and the principle of Opportunity Cost, and it's application to everyday life.