Economics: SCARCITY

A person who buys goods or services.

Things that are necessary for survival.

When there are not enough resources to satisfy human wants.

Desires than can be satisfied by consuming a good or using a service.

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Work that one person does for another.

What class are you in right now?

A person who makes a good or provides a service.

Physical objects that can be bought.

The study of how individuals and societies satisfy their unlimited wants with limited resources.