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Vocab 2.1 notes
Vocabulary
Question | Answer |
---|---|
Competition | In terms of business, a rivalry between two or more companies in the same market over customers. Is good for the economy because it leads to higher quality and lower prices. |
capital | money/assets/profits |
investment | when a person invests in a company, they put an amount of money into a loan to the company. Interest accrues on this loan, and the person can pull their money out any time to get refunded. |