a system for the production and excahnge of goals and services to satisfy the want and needs of the population.
unlimited wants of humans against the scarce resources that exists to meet those wants.
the cost expressed in the terms of the next best alternative sacrificed.
something which you can prove but can be wrong.
Opinion, which shoulds ought to happen.
stimulating economy through interest rates.
natural resources avaliable for production.
our human input into the production process.
investment in goods that are used to produce other goods in the future.
an individual who seeks to supply products as a market for a profit.
goods which are not used up in consumption.
want to make rational decision.
want to charge as much a possible
extraction of natural sources.
production of goods in the economy.
reinforming information processing, research and development.