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_____________ is not having enough resources to satisfy every need.
the humans producing goods/services.
Scarcity
Command economy
Traditional economy
the money left from sales after all of the costs of operating a business have been paid.
reviewing the decision that was made.
Freedom of Choice
capital
Human Resources are:
the humans producing goods/services.
Scarcity
Command economy
Traditional economy
the money left from sales after all of the costs of operating a business have been paid.
reviewing the decision that was made.
Freedom of Choice
capital
Thomas is looking to buy a new printer for his sign business. This is a ______ resource.
the humans producing goods/services.
Scarcity
Command economy
Traditional economy
the money left from sales after all of the costs of operating a business have been paid.
reviewing the decision that was made.
Freedom of Choice
capital
Typically characteristic of less developed countries that don’t yet participate in the global economy.
the humans producing goods/services.
Scarcity
Command economy
Traditional economy
the money left from sales after all of the costs of operating a business have been paid.
reviewing the decision that was made.
Freedom of Choice
capital
Profit is __________________.
the humans producing goods/services.
Scarcity
Command economy
Traditional economy
the money left from sales after all of the costs of operating a business have been paid.
reviewing the decision that was made.
Freedom of Choice
capital
Government officials decide what and how goods are produced and how they will be distributed and consumed.
the humans producing goods/services.
Scarcity
Command economy
Traditional economy
the money left from sales after all of the costs of operating a business have been paid.
reviewing the decision that was made.
Freedom of Choice
capital
The final step in the decision making process is
the humans producing goods/services.
Scarcity
Command economy
Traditional economy
the money left from sales after all of the costs of operating a business have been paid.
reviewing the decision that was made.
Freedom of Choice
capital
__________refers to the concept that you can make economic decisions independently, without government intervention, but you also must accept the consequences of those decisions.
the humans producing goods/services.
Scarcity
Command economy
Traditional economy
the money left from sales after all of the costs of operating a business have been paid.
reviewing the decision that was made.
Freedom of Choice
capital
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