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Social Studies
Culture Terms
| Question | Answer |
|---|---|
| Economics | is the study of how people meet their wants and needs. |
| Scarcity | having a limited quantity of resources to meet unlimited wants. |
| Supply | is is the amount of a good or service that is available for use. |
| Demand | is the desire for a certain good or service |
| Market | an organized way for producers and consumers to gtrade goods and services. |