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Supply amount - PowerPoint PPT Presentation

ECONOMIC TERMINOLOGIES

ECONOMIC TERMINOLOGIES. CIVICS CE.11A Mrs. Kozlik. SCARCITY. SCARCITY IS THE INABILITY TO SATISFY ALL THE WANTS AT THE SAME TIME. ALL RESOURCES AND GOODS ARE LIMITED. THIS REQUIRES THAT CHOICES BE MADE. RESOURCES. FACTORS OF PRODUCTION THAT ARE USED IN THE PRODUCTION OF GOODS AND SERVICES

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Supply amount - PowerPoint PPT Presentation

ECONOMIC TERMINOLOGIES