0
Rate this Study Guide:
☆☆☆☆☆Developing machines that reduce the human effort needed to produce goods and services.
Goods and services
Stagnating
Subjective
An outcome with benefits that are greater than the costs.
Consumers and producers influence each other in a circular fashion.
Imports increase faster than exports.
What is the most effective allocation?APEX!
Consumers
scarcity is basically the main thing that influences peoples decisions daily
Evaluation
Resources must be allocated because there are not enough resources to produce all of the goods and services that everyone wants.
gross domestic product
People are often in conflict over what they want.
Debt to equity ratio is a measurement criteria to measure how much debt is used in business as compare to owner's capital to finance the business.
Science can be used to predict the effects of the dam on wildlife.
socialist system
