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Social science dealing with the study of how people satisfy seemingly unlimited and competing wants with the careful use of scarce resources
Economics
Natural resources of "gifts of nature" not created by human effort; one of four factors of production
Land
People with all their abilities and efforts; one of four factors of production, does not include the entrepreneur
Labor
tools, equipment, and factories used in the production of goods and services; one of four factors of production
Capital
Author
Anonymous
ID
190060
Card Set
Econ.
Description
econ. vocab
Updated
2012-12-18T15:23:23Z
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