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ECONOMICS CHAPTER 1 ECONOMIC WAY OF THINKING SCARE RESOURCES WEALTH OF THE NATIONS
ECONOMICS: ADAM SMITH STAR CITY Scarcity Scarcity is the
basic and central economic problem confronting every society.
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Basic Economics: A Common Sense Guide to the Economy. Thomson Lear ning ™ 3. Land refers to the physical space on which production takes place, as well as the natural resources found under it or on it, such as oil, iron, coal, and lumber. Anything produced in the
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