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economics

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Term
Definition
supply   show
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show the study of production, distribution, and the consumption of goods and services  
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show the amount of a good or service that consumers are willing and are able to buy  
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show a limited supply of resources in comparison to unlimited wants and needs  
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show what you give up in order to get something  
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incentive   show
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market   show
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show money a company has left over after subtracting the cost of doing business  
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revenue   show
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specialization   show
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show general increase in prices  
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show an economy in which people make economic decisions based on their customs and beliefs  
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show an economy in which individual consumers and producers make economic decisions  
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show an economy in which the central government makes all economic decisions  
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mixed economy   show
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developed country   show
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show countries with less-productive economies and lower standards of living  
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Gross domestic product (GDP)   show
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technology   show
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show the exchange of goods and services in a market  
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export   show
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imports   show
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tariff   show
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show a government policy or restriction that limits international trade  
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free trade   show
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show a plan that shows income and expenses over a period of time  
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show the price paid for borrowing money  
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stock   show
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show a certificate issued by a company or government promising to pay back borrowed money with interest  
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domestic trade   show
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