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Econom
vocab
Question | Answer |
---|---|
What is land? | - A area where resources are grown for the goods |
What is Labor? | The work employees offer to the job |
the Health, strength, education, training that people bring | Human Capital |
Manufactured items that produce goods | Physical Capital |
Want | What a consumer request but not needed for survival |
Need | Resources you need for survival |
giving up one thing for another | Trade-off |