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Economics - Coggle Diagram
Economics
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United Nations (1948)
Act 25: everyone has the right to food, clothing, housing, medical care and security.
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DEFINITION: a social (people) science (a field of study which constructs theories) which studies the way to manage limited resources (short supply) using factors of production (land, capital and labour) to satisfy needs (essential for living) and wants (not essential for living).