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Economics
| Definition | Term |
|---|---|
| Two people have goods. They change one for the other. They do not buy the goods with money. | trade |
| They buy goods and services. | consumers |
| They make and sell goods and services. | producers |
| It is where producers sell and consumers buy. | market |
| All the producers try to be the best. They want the consumer to buy their product. | competition |
| These are the things that we buy. | goods |
| The actions or jobs that producers do. | services |