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By enacting economic reform, education expansion, and railroad construction, reconstruction governments delayed settling the issue of Land distribution.
A standard definition of economics might describe it as a social science focused on the satisfaction of needs and desires through the allocation of scarce resources with alternative uses. Economics can be said to be the study of scarcity and choice.
A standard definition of economics might describe it as: a social science focused on the satisfaction of needs and desires through the allocation of scarce resources with alternative uses. Economics can be said to be the study of scarcity and choice. Economic theory is a set of ideas and principles outlining how different economies work. Depending on their specific role, economists can use theory for different purposes.
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