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A business organization that is owned by two or more people
Social Resources
Choice
Specialization
partnership
Goods
Scarcity
Command
Embargo
Physical products businesses produce; tangible items of value
Social Resources
Choice
Specialization
partnership
Goods
Scarcity
Command
Embargo
All of the following are factors of production EXCEPT
Social Resources
Choice
Specialization
partnership
Goods
Scarcity
Command
Embargo
A system in which the basic economic questions are generally answered by the government
Social Resources
Choice
Specialization
partnership
Goods
Scarcity
Command
Embargo
This is the selecting of an item or action from a set of possible alternatives.
Social Resources
Choice
Specialization
partnership
Goods
Scarcity
Command
Embargo
The result of an inability to satisfy all of everyone's wants
Social Resources
Choice
Specialization
partnership
Goods
Scarcity
Command
Embargo
A governmental ban on trade with one or more other nations
Social Resources
Choice
Specialization
partnership
Goods
Scarcity
Command
Embargo
Production of a limited variety of products by a business, region, or country
Social Resources
Choice
Specialization
partnership
Goods
Scarcity
Command
Embargo
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