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|
1
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any form of human exertion used to produce a good/service
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2
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this happens because resources are finite but wants are insatiable
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4
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gifts from Mother Nature (two words)
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7
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the costs of producing a good/service
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12
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money paid/earned for investing money
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14
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choosing between two 'things' you want - you cannot have both of them at the same time
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15
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money earned after all expenses are paid
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16
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the percentage used to determine how much interest is paid
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