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What is a consumer?
People who buy goods and services
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What is demand?
Consumers desire to buy goods and services
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What is scarcity?
A limit to what we can have
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What is supply?
An available amount of goods and services
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What is a free market economy?
An economic system in which private people and companies and not the government own factories and stores
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What is opportunity cost?
The thing you have to give up to get the thing you want
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What is as import?
Goods brought into a country to be sold
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What is competition?
The struggle among producers for the money consumers spend
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What is manufacture?
To make goods
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What is an export?
A product sent from one country to another to be sold
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