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economics chapter 2
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A
B
economic system
the method used by a society produce and distribute goods and services
factor payments
the income people receive for supplying factors of production, such as land labor, or capital
patriotism
the love of one's country; the passion that inspires a person to serve his or her country
safety net
h
standard of living
g
traditional economy
gh
market economy
fd
centrally planned economy
gf
Catherine Hall
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