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Economies 9 SS

Mixed and Market Economies

TermDefinition
Economic System Economic systems are the means by which countries and governments distribute resources and trade goods and services.
Scarcity Scarcity is the fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources.
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Consumers
Demand
Economy
Privately Owned
Producers
Supply
Labour Union
Created by: lisafeld
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