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MATCHING Match Each Person with One of the Descriptions Below

question 7

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MATCHING
Match each person with one of the descriptions below.
-John Hay

Differentiate between rival and nonrival goods.
Recognize examples of common resources and understand why they are considered as such.
Recognize examples of private goods and understand why they are considered as such.
Recognize examples of public goods and understand why they are considered as such.

Definitions:

Economy

The system by which goods and services are produced, distributed, and consumed in a society, encompassing various sectors and industries.

Essential Infrastructure

Fundamental facilities and systems serving a country, city, or area, including the services and facilities necessary for its economy to function.

Six Sigma

A set of techniques and tools for process improvement, aimed at reducing defects and improving quality in manufacturing and business processes.

Company-Wide Quality

A commitment to excellence throughout all aspects and levels of a business.

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