Banal | Jejune | Prosaic | Mundane | Vanilla |
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What are consumers?
A person who purchases goods and services for personal use
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What is a market economy?
An economic system where two forces, known as supply and demand, direct the production of goods and services
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What is public good?
What's best for society as a whole
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What is economics?
The branch of knowledge concerned with the production, consumption, and transfer of wealth
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What is unemployment rate?
The percentage of the workforce that doesn't have jobs
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What is demand?
The desire of purchasers, consumers, clients, employers, etc., for a particular commodity, service, or other item
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What is a planned economy?
Qn economic system in which the elements of an economy are subject to government control and regulation designed to achieve the objectives of a comprehensive plan of economic development
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What is cooperation?
The process of working together to the same end
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What is an economic system?
A system of production, resource allocation and distribution of goods and services within a society or geographic area
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What is a strike?
A refusal to work organized by a body of employees as a form of protest, typically in an attempt to gain a concession or concessions from their employer
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What are producers?
A person, company, or country that makes, grows, or supplies goods or commodities for sale
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What is a mixed economy?
an economic system that combines aspects of both capitalism and socialism
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What is individualism?
A social theory favouring freedom of action for individuals over collective or state control
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What is an economy?
The wealth or resources of a country or region, especially in terms of the production and consumption of goods and services
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What is collective bargaining?
Negotiation of wages and other conditions of employment by an organized body of employment and is a right established by unions for workers
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What is supply?
The amount of a good or service offered for sale
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What is publically owned?
The part of the economy owned and controlled by the government and paid for by taxes
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What is a shift left?
A shift on the economic continuum towards more government involvement in the economy
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What is competition?
Rivalry among producers to sell products to consumers
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What are labour unions?
An organized association of workers formed to protect and further their rights and interests
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What is scarcity?
The idea that land, labour and capital limit the supply of what people want and need
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What is privately owned?
The part of the economy owned and controlled by businesses and individuals
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What is a shift right?
A shift on the economic continuum towards less government involvement in the economy
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What is equilibrium?
A situation in which supply and demand are matched and price is stable
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What are crown cooperations?
A company owned by Canada's government to provide products and services to Canadians
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