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NL Chapter 5
| Term | Definition |
|---|---|
| resource | a source or supply of a useful material (such as fur, wood or oil) |
| profit | the money gained from the sale of goods or services after subtracting expenses |
| income | money or other benefits received in payment for goods or services |
| pelt | an animal skin with the fur on it |
| human capitol | the knowledge and skills individuals have that enhance their ability to earn income |