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10 cards from this deck
Resources are finite whilst human wants are unlimited
Value of the next-best alternative that must be sacrificed
Max combos of goods produced when all resources fully & efficiently used
Inefficiency - not using resources efficiently
Goods used as part of the production process itself
Products for immediate use or consumption
Production broken into stages, workers assigned to particular stages
Total value of economic activity in an economy over a period
Medium of exchange, store of value, unit of account, deferred payment
Market forces complemented by some state intervention
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