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Juliet McCullough ∙
Production and distribution
consumers
The free choices made by consumers and producers influence each other.
There are not enough resources to produce all of the goods and services that everyone wants.
deciding what goods consumers buy
Victory
The desire to know what consumers want.
Consumers and producers influence each other in a circular fashion.
What is the most effective allocation?APEX!
People often compare themselves to others.
In the game of economics, workers play a double role, functioning as both consumers and producersConsumers and producers
Their purchases.
Doing cost-benefit analysis
The government establishes a retirement program for its citizens.
Science can be used to predict the effects of the dam on wildlife.
socialist system
doing cost benefit analysis
Allocating Apex
Stagnation