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Last updated 2:30 AM on 8/24/26
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5 Terms

1
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What is Profit?

Money you keep after paying bills

2
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Who are Stakeholders?

Everyone who cares about the business - workers, customers, owners

3
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What is Communism?

Government owns everything, no private business

4
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What is Economics?

How people use limited resources to make what people want

5
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What is Socialism?*

Government owns big industries, some private business allowed