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Things that you can see and touch.
needs
scarcity
supply
command economy
economic system
producers
resources
goods
Things available to be used to produce goods and services.
needs
scarcity
supply
command economy
economic system
producers
resources
goods
Things that are required in order to live.
needs
scarcity
supply
command economy
economic system
producers
resources
goods
Individuals and organizations that determine what products and services will be available for sale.
needs
scarcity
supply
command economy
economic system
producers
resources
goods
Quantity of a good or service that businesses are willing and able to provide.
needs
scarcity
supply
command economy
economic system
producers
resources
goods
The method a country uses to answer the three economic questions.
needs
scarcity
supply
command economy
economic system
producers
resources
goods
Not having enough resources to satisfy every need.
needs
scarcity
supply
command economy
economic system
producers
resources
goods
Economy in which resources are owned and controlled by the government.
needs
scarcity
supply
command economy
economic system
producers
resources
goods
Check it!