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Benefits

Economist consider both the sots and the of an action

Opportunity

In economics. The word cost refers to the you give up when you choose to do something

Unintended

Economists consider the effects of an action, as well as its intended effects.

Global

Economists think in terms of a economy, an economy in which economic actions taken anywhere in the world may affect your standard of living.

Macro

Economists who specialize in focus on the big picture, studying economic choices as they relate to the entire economy.

Utility

Satisfaction

Intangable

not able to be felt by touch

Resources

Things that are used to produce goods or services

Scarcity

The condition in which wants are greater than resources

Economics

The science that studies the choices of people trying to satisfy their wants in a world of scarcity.

Land

Resource is a forest

Labor

Resource is a person working in a factory

Capital

Resource is a computer

Interest

Capital earn

Profits

Entrepreneurship earn

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