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Economics

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Term
Definition
show the total market value of all goods and services that are produced within a country, during a given period (usually one year)  
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natural resources   show
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human capital   show
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show Man made items like tools and factories used to produce a good or service.  
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entrepreneur   show
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Wants   show
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goods   show
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show something that someone does for you  
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show The absence of something that results from the conflict between unlimited wants and limited resources.  
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show Everyone works for the good of everyone else. Made up of units. "Primitive" by some standards.  
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Command   show
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show People have a major say in economic decisions. Most are motivated by the opportunity to make money.  
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Mixed   show
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show goods sold to other countries  
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show goods purchased from other countries  
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show anything that serves as an obstacle to trade  
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tariff   show
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quota   show
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embargo   show
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Created by: Germaine11
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