SBV list 4-2
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| circular flow model | A diagram that shows the flow of economic activity among sectors of the economy.
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| credibility | The quality or state of offering reasonable grounds for being believed.
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| culture | Learned behavior of a group of people, which includes their belief systems and languages, their social relationships, their institutions and organizations , and their material goods such as food, clothing, buildings, tools and machines.
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| goods | Objects that are capable of satisfying people's wants.
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| private sector | The part of the economy that involves transactions of individuals and businesses.
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| proportional tax | A tax for which the percentage of income paid in taxes remains the same for all income levels
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| racism | The belief that members of ones own race are superior physically, mentally, culturally and morally to members of other races.
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| discrimination | Unfair treatment of a person or group based on a variety of prejudices.
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