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Ross Pugh
30 July, 13:40
What is the want-satisfaction chain
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Kaden Reeves
30 July, 15:52
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(i'm pretty sure this is what you're talking about)
The want-satisfaction chain has 7 terms:
1. Human wants
2. Require people to combine resources of land, labor, and capital
3. In the process of production
4. Results in goods and services
5. Goes through distribution
6. Goods are available for consumption
7. Results in want satisfaction
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