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the way a society organizes the production, consumption, and distribution of goods and services
a system in which buyers and sellers exchange goods and services, resources, currencies, and so on
the basic economic problem that occurs when economic wants are greater than the resources available to satisfy them (there is not enough)
a schedule of how much producers are willing and able to produce and sell at all possible prices during some time period
a schedule of how much consumers are willing and able to buy at all possible prices during some period of time
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