economics
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| The social science that deals with the production distributed and competition of goods and services | Economics
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| Economic system where private owners controle the production of goods and profits | Capitalism
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| Exchanging one good or services for another | Bartering
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| How much pepole have or whats avalible | Supply
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| What or how much a person want | Demand
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| Value of all the goods and servies producted in a country per year GPD=How rich or poor a country is | GPD
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| How well citizences lived based on goods and servies ,Education,health,care,jobs | Standard of living
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| The percentages of people in a country who can read and write | Literacy Rate
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| Making a living doing what a person does best | Specialization
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| The value of what is giving up when a choice is made | Oppotunity Cost
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| MONEY | Currency
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| How much one currency is worth in terms of another | Exchange Rate
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| Values and benifits | Traditional
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| Centeral goverment makes all desions | Comand
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| economy based on free trade and comperhension | Market
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| Government and privately owned businesses | Mixed
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| A supply of people who can product goods and servises | Human Capital
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| Items that people need to perform the job | Capital goods
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| Items that come from the world around us for our own purposes | Natural Resources
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| People with ideas willing to take risk | Eunterpuner
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| Litericey rate standered living | Hight GDP
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| literice and standerd living | LOW
GDP
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| Obstacles to trade between countries | Trade barriers
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