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Economics

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Term
Definition
show The production, distribution, and consumption of goods and services.  
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Capitalism   show
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show Exchanging one good or service for another.  
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Supply   show
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show How or what people want.  
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show The value of all goods and services produced in a county per year.  
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Standard of living   show
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Literacy rate   show
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show Making a living of what a person does best.  
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show Money$  
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show trading one type of currency for another.  
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show A market where buyers or sellers have the right to sell or buy what they want or refuse to if they choose.  
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Questions answered   show
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show Based on traditions  
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Market economic system   show
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show Government chooses what goods are being made and how they are made.  
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show Combination of market and command economy.  
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Tariff   show
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Quota   show
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Embargo   show
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Euro   show
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EU promotes   show
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show naturally occurring source of wealth, land, or water  
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capital resources   show
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human resources   show
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show person who takes risks to start a business  
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Created by: Kiley7
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