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Aquila Econ List 2

Wages The money a business pays its workers.
Cost The money businesses pay to produce goods or services.
Profit The money the business makes after selling a good or service
Price The money that the consumer pays for a good or services.
Taxes Money that people have to pay to the government.
Savings The part of a person's money that is not spent for goods and services, or used to pay taxes (the money that is not used).
Partnership A business owned by two or more people.
Created by: aaquila