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Economics
| Term | Definition |
|---|---|
| capital | machines and tools used in producing |
| economist | a person who studies economist |
| goods | a material which may be sold to a consumer or another industry. |
| producing | the way that societies turn into resources into goods and services |
| profit | the difference between the revenue |
| factors of production | the four factors that may be combined in many ways |
| assembly line | a manufacturing process that uses standardized parts |