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- Study guides, Class notes & Summaries
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Econ Flashcards(A+)
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August 2023
2023/2024
A+
Economics - the branch of social science that deals with the production and distribution and consumption of goods and services and their management
basic economic decisions - how ppl in a society make the what, how and who decisions
Entrepeneur - a person who starts up & takes the risk of a business
goods - articles of commerce
Opportunity costs - the most desirable alternative given up as the result of a decision
scarcity - a small and inadequate amount
Services - action...
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