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Question: write a poem using the terms: Economics, economic system, traditional economy, market economy, marketplace, produce, command economy, mixed economy, scarcity, factors of production, land, natural resource, labor, human resource, productivity, capital, entrepreneurship
In a world where Economics reigns supreme, Vast economic systems weave their intricate dream. From the roots of traditional economy’s sway, Where customs and culture dictate life's everyday. To the dynamic hum of the market economy’s might, In the bustling marketplace, dreams take flight. Here, produce flows with the dance of demand, As invisible hands guide each consumer's command. In lands where a command economy holds, Authority plans out what future unfolds. Balancing scales in a mixed economy’s scope, With elements blended, it breeds a new hope. Beneath it all lurks scarcity’s shadow, A reminder that resources can never overflow. Factors of production, the core of the game, Land and labor, each with a distinct name. With natural resources, the earth's own treasure, And human resources, with skills beyond measure. Productivity thrives, where effort meets gain, And capital investments fuel the ongoing chain. Entrepreneurship sparks like a passionate fire, Igniting innovations and climbing ever higher. In this intricate dance, we find our place, In the grand tapestry of Economics’ embrace.
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