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Definition
the study of how people meet their wants and needs |
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having a limited quantity of resources to meet unlimited wants |
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Definition
the cost of what you have to give up |
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Definition
the desire for a certain good or service |
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Definition
the amount of a good or service that is available for use |
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Definition
people or businesses that make and sell products |
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Definition
people or businesses that buy, or consume, products |
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Definition
a factor that encourages people to act in a certain way |
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