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Resources Scarcity
The economic condition of limited natural resources available to meet the unlimited wants and needs of people.
Downward Slope
A graphical representation indicating a decrease or decline in a variable as another variable increases, often seen in demand curves.
Production Possibility Frontier
An illustration representing the highest potential outputs for multiple goods using specific resources.
Economy Grows
The increase in the production of goods and services over a period, indicating economic health.
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