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In Every Economic System, Choices Must Be Made Because Resources

question 435

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In every economic system, choices must be made because resources are and our wants are .


Definitions:

Communication Norm

Established guidelines or behaviors regarded as acceptable and normal within a communication context, group, or culture.

Satisfy Customer

The act of fulfilling or exceeding the expectations and needs of a customer to ensure their satisfaction with a product or service.

Dominant Values

These are the core principles or beliefs that are most widely held and influential within a society or organization.

Organizational Culture

The shared values, beliefs, rituals, and practices that define a company or organization and shape its employees' behaviors and attitudes.

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