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Economics

Vocabulary words related to economics

QuestionAnswer
good An object being purchased or sold.
service The action of helping or doing work for someone
consumer Someone that purchases a good or a service.
producer Some one providing a good or a service.
market economy The type of economy the United States has- it allows people to start and run their own business.
taxes Money taken out of your paycheck to pay for government services like teachers, roads, and police officers.
profit The money that is made after you have paid all business expenses.
Created by: user-1868250
 

 



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