buad

The flashcards below were created by user jchino on FreezingBlue Flashcards.

  1. economics
    a science that analyzes how individuals behave in a world of scarcity
  2. positive
    describes what is or will be, objective, factual
  3. normative
    describes what should or ought to be, subjective
  4. abstraction
    the process of building a theory to simplify our thinking
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ID
31197
Card Set
buad
Description
buad definitions
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