defining terms
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| Unemployment rate | show 🗑
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| show | recurring slowdown and growth of an economy.
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| expansion | show 🗑
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| show | a decline in total production lasting at least two consecutive quarters, or at least six months.
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| show | major slowdown of economic activity.(millions out of work, business fail, and the economy operates at far below capacity)
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| recovery | show 🗑
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| show | a successful, flourishing, or thriving condition, esp. in financial respects; good fortune.
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| laissez-faire | show 🗑
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| show | previously manufactured goods (or human creations) used to make other goods and services.
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| show | money needed to start and operate a business.
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| capitalism | show 🗑
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| communism | show 🗑
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| show | a system in which ownership of assets, and the control over the means of production, are taken from the people and given to the government.
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| show | (transitional economy) an economic system in the process of shifting from central planning to competitive markets.
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Created by:
javionwalker13
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