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8 Cards in this Set
- Front
- Back
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Export
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when a produced in one contry is
thwn shipped to a nother contery to be sold. |
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Import
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when a product is bruoght in from a nother contry to be sold.
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Interdependence
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when two or more things depend on each other.
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Supply
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the amount of a product that is avaliable
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Demand
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the need of a product or a servise.
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Trade
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the busness of buying and selling good or servise.
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Profit
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the axcess of a imcome over all couts, including the intrest cost of the wealth investing. This means makeing money after one has paid all the expensess in a bisinuss.
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Competition
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rivalry among individuals in order to requare moer of thomething yhat is scarce.
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