PF 1.01 Word Scramble
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Term | Definition |
Needs | Goods or services that are required for survial |
Opportunity Cost | value of the next best alternative that must be forgone as a result of a decision |
Trade-off | giving up one thing for another |
Value | fundamental belief of practice about what is desirable, worthwhile, and important to an indivdual |
Want | desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival |
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kekebahdsmith
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