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The critical argument is essentially a test that the data must meet in order for it to be counted in the grouping. _________________________
Scarcity
Is the fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources.
Societies
Large groups of individuals who live together in an organized community with shared laws, traditions, and values.
Goods and Services
The output of an economy or a firm that consists of tangible commodities (goods) and intangible activities (services) offered to satisfy consumer needs.
Subjective Concept
An idea or notion based on personal opinions, interpretations, points of view, emotions, and judgment.
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