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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