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Economics 3 Terms

QuestionAnswer
borrowing promising to repay a given amount of money, often with added interest
demand the number of consumers willing and able to purchase a good or service at a given price
human capital people who work in jobs to produce goods and services
income financial gain received as wages/salaries, rent, interest, and/or profit
market exists whenever buyers and sellers exchange goods and services
spending the use of money to buy goods and services
supply the quantity of resources, goods, or services that sellers offer at various prices at a particular time
Created by: samplej
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