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Chapter 3:3 vocab

QuestionAnswer
a system in which people make, exchange, and use things that have value economy
owners and workers producers
people who buy and use products consumers
an economic system in which individuals own most businesses capitalism
an economic system in which the central government owns factories, farms, and offices communism
nations with many nations with many industries and advanced technology developed nations
nations with few industries and simple technology developing
Created by: aliarama11
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