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SS Ch 4 Lesson 1

chapter 4 lesson 1

TermDefinition
economy the way a place uses its resources to produce goods and services
productivity the amount of goods or services workers can make or provide in a set amount of time
profit the money a business earns after all its expenses are paid
regulate to control or maintain with rules and regulations
entrepreneur a person who risks money and time to start a new business
oil refinery a factory where oil is processed into gasoline and other products
Created by: sstark
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