Answer :
Explanation:
- Scarcity is the prerequisite for not having sufficient money from government to create all the stuff that people want.
- Economy is an examination about how people interact with scarcity or seek, through diligent use of relatively scarce commodities, to meet nearly unlimited and profitable needs.
- Necessity, like food, shelter and clothes, is a fundamental need for life.
- A choose is what we really want, but we don't have to survive.
- The development factors are the tools needed to produce what we want. Development considerations include land, money, labor and companies.
- Land applies to non-people natural resources, like rich lands, ore deposits, forestry and a good crop habitat.
- Capital applies to the machines, tools, machinery and industrial sectors used to produce goods and services.
- Labor means the people and that all their energies, abilities and competences.
- A businessman looking for income is a risk-taker who makes using available resources something fresh. Businesspeople are essential during much of the economic change and inventors.
- The key gross national product is the dollar amount of every final good, services and structure generated in a given year in a given country. The overall output and financial health of a country is a good measure.