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