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8 Cards in this Set
- Front
- Back
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Export
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when a product produced in one country is then shipped to another country to be sold
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Import
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when a product is brought in from another country 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 product that is availible
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Demand
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the need for a product or a service
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Trade
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the buisiness of buying selling goods and services
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Profit
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the exsess of income over cost of the wealth invested(this means making money after one has paid all the expenses in a buisness
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Competition
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rivalry among individuals in order to acquire more of something that is scarce
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