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Definition
| To estimate, measure, or note the similarity or dissimilarity between. |
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Term
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Definition
| To make something clear by describing it in more detail or by revealing relevant facts or ideas. |
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Term
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Definition
| An economy in which centralized planning groups decide what and how goods and services will be produced, distributed, and consumed. |
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Term
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Definition
| The using up of goods and services by consumer purchasing or in the production of other goods. |
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Term
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Definition
| All countries have mixed economies |
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Term
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Definition
| The process of marketing and supplying goods, especially to retailers. |
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Term
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Definition
| An economy in which changes in price guide what and how goods and services will be produced, distributed and consumed. |
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Term
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Definition
| The creation or manufacture for sale of goods and services with exchange value. |
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Term
Traditional Economy
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Definition
| An economy in which customs and habits of the past decide what and how goods are produced, distributed and consumed. |
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