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Allocate Ration or set aside for a special purpose
Aquaculture The cultivation of marine or freshwater fish or shellfish
Barter System An economic system in which goods or servies are traded without the exchange of money
Capitalism An economic system where the means of production and distribution are privately or corporately owned.
Command System An economic system in which a small group of governmental officials makes economic decisions for all citizens.
Compound Interest Interest computed on unpaid interest as well as the principal.
Consumer Price Index A means of measuring changes in the cost of basic goods and services.
Corporation An organized business recognized as a legal entity.
Deflation A decrease in consumer prices.
Dividend A share of the profits.
Economics The production, distribution, and consumption of goods and services.
Free Enterprise The right of private businesses to operate competitively for profit with minimal government regulations.
Global Market The world-wide economic market.
Global System (GPS) A system of satellites, computers, and receivers that can determine a specific location on the earth's surface.
Historic Preservation The practice of identifying, preserving and restoring historic homes, buildings and other sites.
Inflation An increase in consumer prices.
Interest A charge for credit or a loan, usually a percentage of the loan amount.
Created by: CLFranklin


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