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For each vocabulary term listed below, find the definition then provide an example or application for how the term is used. S. No. Term Definition

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For each vocabulary term listed below, find the definition then provide an example or application for how the term is used. S. No. Term Definition Application 1 Economics 2 Resource 3 Land 4 Labor 5 Capital 6 Entrepreneurship 7 Scarcity 8 Opportunity Cost 9 Microeconomics 10 Macroeconomics 11 Trade Off 12 Marginal Analysis 13 Marginal Benefit 14 Marginal Cost 15 Market Economy 16 Command Economy Traditional 17 Economy 18 Mixed Economy Private Property 19 Rights Self-interest or 20 Incentives 21 Competition

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