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Economic Resource
An asset, commodity, or service that can be used to produce goods and services and thereby contribute to an economy's output.
Free Resource
A resource that is abundantly available and not limited by price mechanisms or ownership, making it freely accessible to all.
Demand Curves
A graphical representation that shows the relationship between the quantity of a good consumers are willing to buy and its price.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of the good that producers are willing to supply.
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