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3 Cards in this Set
- Front
- Back
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Front (Term) Economy |
Back (Definition) System for organizing the allocation of resources to produce and distribute the goods and services that satisfy human wants |
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Front (Term) Four categories of economic resources |
Back (Definition) Land-natural resources Labor-work Capital-produces goods used to produce other goods & services Entrepreneurial Ability-effort to organize the production process |
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Front (Term) Entrepreneur |
Back (Definition) Sets up the business and risks their borrowed money resulting in a profit or loss |
