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10 cards from this deck
Meeting place where buyers and sellers connect
Markets where finished products are sold to consumers
Markets where factors of production are bought and sold
Labour, land, and capital (machinery, equipment)
Comparing the price of one good/service to another
Opportunity cost of choices
Higher prices → producers supply more; lower → supply less
Higher prices → consumers buy less; lower → buy more
Price where amount supplied equals amount demanded
Supply and demand
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