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Economics is the study of how humans make decisions in the face of scarcity . These can be individual decisions , family decisions , business decisions or societal decisions . If you look around carefully , you will see that scarcity is a fact of life .
Please check all the words that can be used instead of the target word in the same context. Note that the morphology of the target (third person singular, past tense etc.) is considered to be applied to the candidate automatically in the process of paraphrasing.