Economics & Tourism

Term Definition
capitalism a financial system in which goods products, and services are privately owned and operated
goods products or items that have economics value or satisfy a want
gross state product the total amount of money created in a sate each year
resources available items or goods or a naturally occurring supply such as petroleum
scarcity the quality of being rare of difficult to obtain
sector portions, areas, parts, or subdivisions of group or money
surplus abundance, excess, or leftover goods or money
districts a structural division used to organize and manage groups of schools
economy a system for exchange of goods and services through barter or buying and selling
annually taking place yearly once per year
per capita per unit of population

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