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economic foundation

Across
anything in its natural state
the individuals interact in the marketplace to answer the questions
created when a product or service is available when it is needed or wanted by consumers
the way a nation makes economic choices about how the nation will use its resources to produce and distribute goods and services
when supply exceeds demand
describes the relationship between changes in a product's price and the demand for that product
employees of the business
Is the limit on the number of specific types of the products that foreign companies can sell in the country
hen the price of a product is increased, producers will prefer to produce more of that product or when the price is decreased, less will be produced
money,tools,and equipment needed for production of products or services
the amount of satisfaction, or value, a consumer receives from the consumption of a particular product or service
The low point of a recession just before recovery begins
Down
people have unlimited wants and needs, but economic resources are limited
the individual who takes the risk of owning and operating the business
A tax placed on imported products to increase the price for which they are sold
another term used to describe private/free enterprise
created when ownership of a good or service is transferred from one person to another, but it may also occur through renting or borrowing
when the amount of product supplied is equal to the amount of product demanded
A period or renewed economic growth following a recession or depression
Is a government prohibition against the shipment of certain products to a particular country for economic or political reasons