Create an account
things such as buildings, materials, and equipment used to produce goods and services
a system in which economic decisions are made in the marketplace according to the laws of supply and demand
a system in which a central authority, such as the state, makes the key economic decisions
the price when the quantity of supply meets the quantity of demand of a particular good or service
the study of how society chooses to use resources to produce and distribute goods and services for people's consumption
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