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Lamar's friends want him to come out partying with them tonight,but Lamar has a big test tomorrow that he knows he needs to study for.He decides not to join his friends and instead study for the test,knowing that his grades are important for his future.Lamar has demonstrated
Goods And Services
The products and activities that satisfy human wants, available for purchase in the marketplace, including both tangible items and intangible performances.
Market Economy
An economic system where supply and demand from consumers direct the production of goods and services and determine their prices.
Goods And Services
Refers to the tangible products and intangible services that are produced and consumed within an economy.
Central Planning
An economic system in which decisions about production, investment, and distribution are made by a central authority, typically in a government.
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