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unit1 lesson2 Biztow

QuestionAnswer
economy A system of production, consumption, and distribution of goods, services, and resources.
resources Things and people used to produce goods and services.
human resources The skills and abilities of workers used in production.
natural resources Things used in production that occur naturally in the world such as water.
capital resources Resources such as factories made by people.
market A system in which people and businesses buy and sell goods, services, and resources.
circular flow A model of the movements of goods, services, resources, and money in an economy.
Created by: jgilmartin
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