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Junior Achievement

Session 1

TermDefinition
goods Items that can be bought or sold
services Work done for others, like haircuts or car repairs
Consumer a person who buys goods or services
Free Market Economy A system in which goods and services are bought and sold freely with little government interference
Producer A person or business that makes goods or provides services.
Profit The amount of money left after all business expenses have been paid
Competition Rivalry between 2 or more businesses striving for that same customer.
Created by: srasmithwms
Popular Business sets

 

 



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