The U.S. Market Economy

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Terms in this set (8)

The amount of money exchanged for a good or service

The quantity or amount of something that producers have available for sale

a place where buyers and sellers interact to trade goods and services

the rivalry among businesses to sell their goods and services

an extra benefit that encourages someone to take a certain action

the desire or want to own something and the ability to pay for it

the way in which one acts or conducts oneself

A person who organizes, manages, and takes on the risks of a business to make a profit