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Economic

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Ter
Definition
show things that incite or motivate you to change your economic behavior  
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Consumer sovereignty   show
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show the amount of money exchanged for a good or service  
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profit   show
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show resources, goods, services, and money flowing throughout the economy  
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show what is given up when a choice is made- the highest valued alternative  
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sole propritorship   show
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Private Property   show
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Resources   show
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show the combining of human, natural, capital, and business resources to make goods and services  
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show a person who takes a risk to produce goods and services in search of a profit  
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show the inability to satisfy all wants at the same time  
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Competition   show
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human resources   show
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show a large business with many owners called stock holders  
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show the resources from the land that are needed to produce goods and services  
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show using goods and services  
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Choice   show
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show a form of business owned by 2 or more individuals who share all of the risks and profits  
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Capital resources   show
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show the amount of a good or service that producers are willing and able to sell at a certain price  
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Demand   show
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show people who buy and use products  
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show people who use resources to provide goods and services  
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Economy   show
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