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Economics Vocabulary

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Across
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The inputs we use to produce goods and services
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The increase in prices and goods in an economy over time
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Relies on customs, culture, and beliefs
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The government controls the production and distribution of goods and services
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Combines aspects of Capitalism and Socialism
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When time value of money and interest rate for two different cash flows is the same
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By the people, for the people. Goods and services created to meet human needs.
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The increase in prices and goods in an economy over time
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Supply and demand help determine production and prices
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Supply and demand help determine production and prices
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When time value of money and interest rate for two different cash flows is the same
Down
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A person who takes the risk to create a new business
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Relies on customs, culture, and beliefs
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Spending and savings plan
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The study of the way money, goods, and services are made and used in a society
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Capitalism
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The study of the way money, goods, and services are made and used in a society
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A person who takes the risk to create a new business
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By the people, for the people. Goods and services created to meet human needs.
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The government controls the production and distribution of goods and services
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Regularly recurring costs that do not significantly change from month to month
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The amount of money a buyer pays to a seller for goods or services
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Spending and savings plan
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Combines aspects of Capitalism and Socialism