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  • 09-06-2019
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Basic consepts of economics

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rstormy71
rstormy71 rstormy71
  • 09-06-2019

Answer:

1. scarcity-our wants and needs are virtually unlimited, but our resources to satisfy those desires r limited.

2. Supply and demand

3.Incentives

4. Trade offs and Opportunity costs

5.Production possibility costs

6. Factors of Production

7.Marginal Analysis

8. Economic System

10. Circular flowchart 11.International trade

Explanation:

I looked up these. hope it helps.

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