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supply and demand and wants and needs are the basic of economics, any product applies to this

supply is how much of something is available


demand is how much of something people want
a want i something you have to have
a want is something you would like to eat
if you keep the supply low you can keep the prices higher
wants and needs
trends guide the market
pie chart gives a percentage of something
bar chart gives more a comparison than a percentage
line chart gives the trends of something, maybe what has happened in the last 10 years
break even
A good is something you can use or consume, you buy a good with the idea that you would use it, it
is something you can hold in your hand
A service is something you can't touch, you can touch the result of the service but not the service
itself
Interdependence means "dependent on others for some needs", you can't produce anything you need
As we move in time we are losing tracks of the basic needs, that's what we have to be careful with
Scarcity is a measure of supply
Stock is an investment that people pay to a company

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