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Yr 8 Economics


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Category: Definition

 
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Created by: BexLearey
Popular Economics sets

 

 


sectorCompanies and corporations that are government run are part of what is known as the public _____11true
refersDemand _____ to the amount of a good or service that people are both willing and able to buy.21true
Business CycleDefinition: The long-run pattern of economic growth and recession.30false
SupplyDefinition: Supply is the amount of a good or service available at any particular price.40false
providingEconomic responsibilities are the most basic social responsibilities of business. These include providing goods and services to society at a reasonable cost, _____ jobs & paying tax.51true
BarterDefinition: Paying for goods or services with other goods or services, instead of with money.60false
Private SectorDefinition: The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled70false
CustomerDefinition: A person who pays for goods or services80false
protectedRights are freedoms we have that are _____ by our laws91true