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Introduction of Economics

Not a considered capital
True opportunity cost curve
Father of communism
Point under the opportunity cost curve
Opponent of a communist
Risk taker of resources
Theory of Adam Smith
Economy controlled by past practice
Limited resources
Human factor of production
This happens when the opp cost curve shifts to the right
Economy of the USA
Major influence of a market economy
Economy controlled by supply and demand
How a society uses resources
Economy controlled by government
First economic question
Cost of giving something up
Competition creates this
Decision to do one thing over another
Father of capitalism
Third economic question