ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:There are limited resources to satisfy all of society's wants.
● scarcity
O entrepreneurship
recession
business cycle
O margins
trade-off
Comparing the benefits and costs of engaging in an activity.
margins
trade-off
scarcity
resources
recession
financial capital
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