Scarcity in economics

Topic: First, research one of these topics:

• Free market
• Economic incentives
• Property rights
• Scarcity in economics
• Making decisions at the margin
• Opportunity costs
• Division of labor
• Market equilibrium

• In the first paragraph, discuss the relevant economic theory of your topic (your textbook: Economics private and public choice 15th Edition(Gwartney). is a good source for this paragraph).
• In the second, you must include outside research to corroborate your thread (from the Liberty University Online Library or elsewhere).
• In the third, cite and discuss a real-world example of your topic.
• In the fourth, integrate biblical insights into your Discussion Board posts.
• Title your thread according to your topic.