Introduction to Economics

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4 Terms

1

Economics

________ is the study of how individual and societies chooses to use scarce resources to satisfy their needs and unlimited human wants.

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2

Resource management

________ is the process by which businesses manage their various resources effectively.

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3

Economics

________ come from the Greek word (Oi- konomia)

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4

Economists

Who are experts in ________; they research on issues such as: Effect of changes on tax rates? Answer with a single words or term.

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