economics ch1

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  1. a social science that studies how people, acting individually and in groups, decide to use scarce resources to satisfy their wants.
    economics
  2. a process that combines economic resources so the result is a good or service that is available for sale.
    production
  3. the process of getting a product or service to consumers.
    distribution
  4. using a product or service.
    consumption
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58133
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economics ch1
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ch1 economics
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