term1 Definition1term2 Definition2term3 Definition3
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Utility
The value, or satisfaction that people derive from the goods and services they consume and the activities they pursue.
Human Capital
The skills a worker has as a result of education, training, or experience that can be used in production.
Factors of Production
The resources available to an economy for the production of goods and services.
Capital
A factor of production that has been produced for use in the production of other goods and services; office buildings, machinery, and tools are examples of this.
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