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SS2 Agriculture Science

Choice, Opportunity cost and the law of diminishing returns

Overview

Define Choice, Opportunity cost List the importance of Choice, Opportunity cost in Economics State the law of diminishing returns State the importance of the law of diminishing returns

What you'll learn
  • Choice and Opportunity cost
  • Importance of Choice, Opportunity cost in Economics
  • The law of diminishing returns
  • Importance of the law of diminishing returns