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Unit 1 Vocab

WORD LIST:
CAPITAL
COMPETITION
CONSUMER
ECONOMICGROWTH
ECONOMY
ENTREPRENEUR
FINANCIAL CAPITAL
FREEENTERPRISE
GOOD
INCENTIVE
INPUT
LABOR
LAND
MARKET
NEED
OPPORTUNITY COST
OUTPUT
PARADOXOFVALUE
PRODUCTIVITY
PROFITMOTIVE
SCARCITY
SERVICE
SOVEREIGNTY
STANDARDOFLIVING
TRADEOFF
UTILITY
WANT
WEALTH