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economics45
study of the econimy
| Question | Answer |
|---|---|
| scarcity | when demand is greater than supply |
| resource | anything used to produce a good or service that can satisfy wants |
| renewable recources | a resource that can be replaced, naturally or made by man |
| production | the process of chaning material into some economic good |
| non renewable recoures | a resource that can not be replaced, naturally or made by man |
| service |