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...Agricultural production economics second edition david l debertin university of kentucky first printing third fourth copyright by introduction this chapter introduces some basic concepts fundamental to the study and provides a brief review terms used in these are usually presented as part an introductory or course provide starting point for further assumptions purely competitive model relationship outlined key definitions wants resources theory consumption utility profit microeconomics macroeconomics statics dynamics pure competition defined is how limited can best be fulfill unlimited human whereas desires beings means available meeting not thus deals with making use order entire society country that matter world faces constraints limitations availability when word resource people think natural such oil gas iron ore however term has much broader economic meaning economists include only but broad array other items would occur those who have studied important amount labor within money i...