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Because Resources Are Scarce Relative to Wants, the Study of Economics

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Because resources are scarce relative to wants, the study of economics concerns


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Quality of Life

The general well-being of individuals and societies, outlining negative and positive features of life.

Consulting Business

A business that offers expert advice in a particular area, such as management, technology, or finance, to other businesses or individuals.

Retail Store

A business establishment that sells goods or services directly to end consumers.

Social Entrepreneur

Person who recognizes societal problems and uses business principles to develop innovative solutions.

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