High School Economics Vocabulary Terms
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each of the black spaces below before clicking
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| allocate | show 🗑
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| articles of incorporation | show 🗑
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| show | an economic system in which the government owns or controls nearly all factors of production
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| show | also known as communism
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| barter | show 🗑
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| black market | show 🗑
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| show | a panel elected by the stockholders of a corporation to establish its policies and overall direction
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| budget deficit | show 🗑
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| show | the amount that an organization's income exceeds its spending over a designated period
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| show | activity that is characterized by alternating periods of expansion and contraction
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| show | a building, structure, machine or tool that is used to produce goods or services
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| show | an item that is used in the production of other goods and services
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| show | a market-based economic system in which individuals own and control the factors of production
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| check-clearing | show 🗑
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| show | property pledged by a borrower as security for a loan--for example, real estate, automobiles, or equipment
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| command economy | show 🗑
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| commercial bank | show 🗑
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| show | a money system that is based on an item (a commodity) that has value to a society
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| common stock | show 🗑
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| communism | show 🗑
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| show | also known as authoritarian socialism
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| show | in business, a state of rivalry among sellers of the same or similar products, in which each seller tries to gain a larger share of a market and to increase profits
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| complementary good | show 🗑
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| conglomerate combination | show 🗑
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| consumer | show 🗑
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| show | a finished product that is consumed by an individual
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| show | a legally binding agreement, either oral or written, between individuals, such as to buy and sell goods and services
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| contraction | show 🗑
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| cooperative | show 🗑
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| copyright | show 🗑
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| show | a document representing a loan made by an investor to a corporation
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| show | a document that a government issues to grant certain rights and impose certain restrictions on a bank or corporation
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| show | a business in which a group of owners, called stockholders, share in the profits and losses
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| show | the total cost of materials, labor, and other inputs required in the manufacture of a product
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| show | a form of exchange that allows consumers to use items with a promise of repayment over a specified time
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| show | the paper money and coins that are in circulation in a nation and that make up its money supply
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| customs duty | show 🗑
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| debit card | show 🗑
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| show | the maximum limit of debt that a local, state, or national government allows for itself by law
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| show | the failure to make payments on a loan
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| deficit spending | show 🗑
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| demand | show 🗑
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| show | a graphic representation of a demand schedule, showing the the relationship between the price of an item and the quantity demanded during a given period, with all other things being equal
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| demand schedule | show 🗑
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| demand-side economics | show 🗑
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| democratic socialism | show 🗑
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