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Vocab Words
2nd Grade- Economics SOL 2.8-2.10
Term | Definition |
---|---|
Consumer | People who buy goods and services. |
Producer | Create or provide a certain good (product) or service. |
Barter | The act of trading one good or service for another, without the exchange of money. |
Natural Resources | Anything that is found in nature that can be used by living thing. |
Capital Resources | Money to start a new business, tools, buildings, machinery, and any other goods people make to produce goods and provide services. |