i just need help with these economics words and their definitions they're confusing me a lot =?
i just want u to match up the words w/ their definitions
Please! help!
1. elastic demand
2. geographic monopoly
3. market equilibrium point
4. market system
5. pure
6. structural
[please if u can match up these words with their right definition]
a.) What & how much to produce and the worth of goods and services is decided by private buyers and sellers
b.) When prices go so high that people either cannot or will not pay, demand goes down, & the economy declines
c.) the risk-taking resource
d.) As the prices fluctuates, so does demand; as prices increase, demand decreases, and as prices go down, demand goes up.
e.) Unemployment that occurs when the skills of the potential employee no longer match the needs of potential employers
f.) Goods & services produced by the government
[thanks soooo much for all of your time and help!! i really appreciate it!]
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