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Anthropologist Bateson Has Defined ______________ as "A Difference That Makes

question 37

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Anthropologist Bateson has defined ______________ as "a difference that makes a difference."


Definitions:

Economy

A system of production, distribution, and consumption of goods and services in a particular geographic region.

Production Possibilities

A graphical representation showing the maximum quantity of goods and services that an economy can produce when all resources are used efficiently.

Circular-Flow Diagram

A visual model of the economy that shows how dollars flow through markets among households and firms.

Capital

Resources made and used to produce and distribute goods and services; examples include machinery, buildings, and tools.

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