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5 Cards in this Set
- Front
- Back
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Economics?
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study of how individuals, families, businesses, and socities use limited resources to fulfill their unlimited wants.
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Scarcity?
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situation in which people dont have
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Factors of Production?
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resources of land, labor, capital, and entrepreneurship
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Land
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natural resources and surface land and water
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Labor
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human effort directed toward producing goods/services
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