Individuals make economic decisions about what to make,how much to produce, and what to charge

Trying harder than others

when an area produces one product & must be interdependent with others

Something someone does

Producing an object to satisfy a want

what a consumer is willing to pay

What a producers is willing and able to sell at various prices

Exchange of goods or services rather than using money

A need to trade to get needed supplies

A company owned by one person

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