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C 2.02 EC-901
Term | Definition |
---|---|
Capital goods | Manufactured or constructed items that are used to produce goods and services |
Consumer | Anyone who uses goods and service |
Consumption | The process or activity of using goods and service |
Decision making | Choosing among alternatives |
Distribution | The process or activity by which income is divided among resource owners and producers |
Economic activities | Consumption, production, exchange, and distribution |