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Definition
| any activity that seeks to provide goods and services to others while operating at a profit. |
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| tangible products such as computers, food clothing cars, ect. |
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| intangible products ex: insurance |
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| is the chance an entrepreneur takes of losing time and money on a business that may not prove profitable. |
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| refers to the amount of goods and services people can buy with the money they have. |
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| refers to the general well being of a society. |
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| entrepreneurship and effective use of knowledge |
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| what makes countries rich |
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| the amount of out put input such as the number of hours you work. |
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| the buying and selling of goods over the internet. |
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| an electronic storage file for information |
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| used to describe the process that turns self-directed gain into social and economic benefit. for |
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| loss of the best and brightest people of a country to other countries |
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Definition
| Government system where the gov. makes almost all economic decisions |
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| little to no government interference with trade |
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| Gdp (gross Domestic product) |
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Definition
| the total value of final goods and services produced in a country |
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| refers to the percentage of civilians at least 16 who are unemployed and tried to find a job within the prior 4 weeks |
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| the general rise in the prices goods and services |
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