Goods - Physical products that a business produces  , Services - The action of helping or doing work for someone., Needs - Something we must have to survive , Wants - Something that makes our lives easier but we do not need it to survive. , Opportunity Cost - If I chose the burrito over the taco..., Scarcity - When we do not have much of something , Unemployment - When people do not have a job , Inflation - When the price of products keeps increasing, Recession - When the economy does not have much money ,

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