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7 Cards in this Set

  • Front
  • Back
Business
try to earn a profit by providing products that satisfy people's needs
Product
a good or service with tangible and intangible characteristics
Stakeholders
per se
Economic System
a description of how a particular society distributes its resources to produce goods and services
Communism
society in which the people, regardless of class, own all the nation's resources
Socialism
the government owns and operates basic industries
Capitalism
individuals own and operate the majority of businesses