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7 Cards in this Set

  • Front
  • Back
consumption
the purchase and /or use of goods and services
disparity of resources
the major differences in the amount and/or condition of resources
barter
the trade of goods and services for other goods and servicesinstead of the use of money
goods
objects that are capable of satisfying people's needs
service
goods that are capable of satisfying people's wants
opportunity costs
the value of the alternative
market place
the between buyers and sellers which usually involves money