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Definition
| The study of the use of scarce resources which have alternative uses. |
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Definition
| study of economic activity of aggregated, large scale economies |
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Term
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Definition
| The study of economics which focuses on the behavior of smaller activites in the economy. |
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Term
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Definition
| resources tha can be used to produce goods and services |
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Term
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Definition
| borrowing, or the pre-arrangement for the borrowing, of money from time to time. |
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Term
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Definition
| The available quantity of any commodity is less than the demand for that commodity. |
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