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economics :)

economics vocaab

TermDefinition
Entrepreneurship The organizational abilities and risk taking involved in starting a new business Risking economic failure in return for economic gain
Consumer Consumers- people who buy and use products
Producers people who make things that satisfy consumers’ needs and wants
The Basic Questions All Economic Systems Address What is produced? (production) For whom? (distribution) How many? (consumption) How are goods produced?
Economics the study of how people in a society make a living and the choices people make
Economist a person who studies economic choices
Created by: 323711
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