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Equality
The condition of having equal status, rights, and chances.
Economy
The system by which goods and services are produced, distributed, and consumed in a society or geographic area.
Goods And Services
Goods and services constitute the output of an economy, where goods are tangible products and services are intangible activities that provide value to consumers.
Scarcity
The limited nature of society’s resources.
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Q48: The auditor usually wants to obtain answers