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Economics Flash Card
| Term | Definition |
|---|---|
| consumer | a person who buys a good or service |
| producer | a person who creates a good or service |
| goods | Something you buy and consume.You eat it or use it. |
| services | Something that someone you hire does for you. |
| employer | Someone who hires and pays other people to work. |
| employee | A person who is hired and paid to work. |
| economy | The making and consuming of goods and services. |
| saving, budgeting and investing | Important ways to be a good consumer |