Economic Systems

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The condition that exists when wants exceeds resources available to satisfy wants.

Which economy does the U.S. have?

The type of economy that is run by a central government authority.

Which is a disadvantage of a command economy?

Which are goods produced and used to make other goods and services?

The type of resources that are present without human intervention.

What is the study of how individuals and societies seek to satisfy needs and wants through choices?

Which are the four types of economic systems?