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Economics
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Economics
Microeconomics
Macroeconomics
Resource Development
Adam Smith
 freedom of ownership
 profits
o Invisible Hand
o Malthusian
o Capitalism
Economics
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Capitalism
o Right to private property
o Right to business ownership
o Right to freedom of competition
o Right to freedom of choice
Free Market
Supply
Demand
Supply and Demand Curves
Equilibrium Point
Market Price
Economics
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Perfect competition
o commodity
Monopolistic competition
Oligopolistic Competition
Monopoly
Inequality
Socialism
Communism
Mixed economies
o Free-market
o Command
Economics
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Economic Indicators
GDP
Unemployment Rate
Underemployment
Price Index
Inflation
Disinflation
Deflation
Stagflation
CPI
Core inflation
Services
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Disinflation
Deflation
Stagflation
CPI
Core inflation
PPI
Services
o 70% of US economy
Economics
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Business Cycle
Boom
Recession
Depression
Recovery
Fiscal Policy
National Debt
Monetary Policy
Interest Rates