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  • at the end learners should be able to:
  • Distinguish between economics and other social sciences like sociology, ethics etc
  • • Understand the meaning of scarcity as used in economics
  • • See how scarcity is at the centre of all economic problems
  • • Enumerate economic goals and problems
  • • Know that it is difficult to arrive at “Pure” economic decisions since the economic problems are closely bound up with political, sociological and other problems
  • • Understand the reasons for specialization and Exchange
 

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