Economics Chapter 1: Section 1.1
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Last updated 2:10 PM on 8/14/25
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4 Terms
1
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the study of the choices that individuals and societies make in the production, distribution, and consumption of goods
Economics
2
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system for the production, distribution, and consumption of goods
Economy
3
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all people shared equally in food, supplies, shelter, etc.
Common Store System
4
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they worked for their own benefit; nothing was given for free or without labor
Pilgrim’s 2nd Economy
Note 
Flashcards (43)