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CHAPTER 2 The Economizing Problem

CHAPTER 2 The Economizing Problem. Why are you taking this economics class? What would you rather be doing?. Factors of Production. LAND LABOR CAPITAL ENTREPRENEURSHIP. Every economy works with these factors. Some have more resources, more capital, or more land, etc. Some economies do not

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Economic pie shrinks - PowerPoint PPT Presentation

CHAPTER 2 The Economizing Problem