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  The Goverment attempts toown and control important resources and to make the decisions about what will be produced and consumed

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1. The Goverment attempts toown and control important resources and to make the decisions about what will be produced and consumed.
2. A relationship between the quantity of a product consumers are willing and able to purchase and the price.
3. A relationship between price and quantity demanded.
4. All of the consumers who will purchase a paticularproduct or service.
5. Natural resources, capital, equipment, and labor.
6. The amount of satisfaction a consumer recieves from the consumption of a paticular product or service.
7. Resources are owned by individuals rather then the goverment.
8. When the price of a product is increased, less will be demanded. When the price is decreased, more will be demanded.
9. As price goes down, fewer will be manufactured.
10. Studies the economic behavior and relationships of an entire society.