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Economics-Chapter 2 lesson 1

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  • What are goods?
    Items people sell to other people to use
  • What is a producer?
    A person who makes the goods
  • What does import mean?
    To being in goods from another country
  • What are services?
    Work that people do such as fixing your car or cutting your hair
  • What is a consumer?
    A person who buys or uses goods and services
  • What does export mean?
    To send goods out to another country
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