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Economic Definitions

Horizontales
the resources needed to produce goods and services, including land, labor, capital, and entrepreneurship
the activity or condition of competing.
a visual representation showing the relationship between the factor market and the product market
supplies of something of value
economic system in which private actors own and control property in accord with their interests
the condition in which there are not enough resources available to produce everything that individuals demand
The study of choice
an economic system in which economic decisions and the pricing of goods and services
what motivates you to behave in a certain way, while preferences are your needs, wants and desires.
a person who purchases goods and services for personal use.
Verticales
the value of goods and services that are given up in order to obtain an alternative good or service
what each person does as part of their livelihood or job to pay for their existence
the person with the idea to create a product or develop a service.
the choice of one use does not require that we give up another
(Natural Resources)
someone who creates and supplies goods or services
s a factor of production that has been produced for use in the production of other goods and services.