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The top documents tagged [economic systemwhat]
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CHAPTER 1 Economics. the social science dealing with the study of how individuals and countries make choices about ways to use their scarce resources
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1. Write 3 things that you know about the word “Economy” 2. Write 2 things that you know about the word “System” 3. Write 1 thing that you know about
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Chapter 2 How Economic Issues Affect Business. Learning Objectives 1. Capitalism and free markets 2. Supply, demand and equilibrium 3. Socialism versus
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ECONOMIC REASONING PRINCIPLES (AKA “ERP’S). How Do We Define Economics? The study of how people seek to satisfy their wants and needs by making choices
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WHAT IS AN ECONOMY? Economy or Economic System The way a nation makes choices. These choices involve how the nation will use its resources to produce
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