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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. |