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definition: the concept of having limited resources for production relative to wants and needs for goods and services
- unlimited wants/needs vs limited resources (item runs out)  |
▪ money ▪ fossil fuel/oil ▪ food ▪ forests |
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definition: the concept of having limited resources for production relative to wants and needs for goods and services
- unlimited wants/needs vs limited resources (item runs out) |
▪ money ▪ fossil fuel/oil ▪ food ▪ forests |