Flashcard Set Preview
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economics?
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the study of how people make choices from limited resources (because of scarcity) to meet their...
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demand?
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how much consumers (people) are willing and able to buy at possible prices.
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Captial resources?
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Goods made by people and used to produce other goods and services.
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scarcity?
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The condition if not being able to have all the goods and services that we want.
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choice?
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What someone must make when faced whit two or more alternatives.
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