1.Explain the relationship between the terms in each of these pairs:
a.wants, scarcity
b. consumer, producer
c. factors of production,
entrepreneurship

Respuesta :

Answer:

A) when a group or community wants something it causes the product to go scarce or to no longer be available

B) A consumer is someone that purchases goods and products that a producer makes

C) Factors of production is what is used during the making process, therefore wanting to be an entrepreneur you´ll need to know what to get to start the production of your product

Explanation: