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Social Studies, 19.11.2020 23:20 conyabrew82

Production is 10
The act of using goods and services to satisfy wants. This will normally involve
purchasing the goods and services
Ο Ο Ο 0
The transformation of inputs into outputs by firms in order to earn profit (or meet
some other objective).
The cost of any activity measured in terms of the best alternative forgone.

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