Economic Concept Map

by Brian Zhao

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The image represents economic freedom because Ariana Grande has the freedom to purchase what she wants to wear and other economic choices she will make in the future.

The second image represents competition between two main fast food joints which promote "bettter" food at "lower" prices.

This image in Africa represents scarcity because there is an extremely limited amount of clean water in Africa and in the picture.

The image represents private property rights because items such as homes give us incentives to invest, save to buy larger property such as cars or homes with the ability to earn profit back from our property.

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