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Match each term in Column A with its definition in Column B
Column A
1. Consumer
2. Producer
3. Consumption
4. consumer “vote
5. goods and services
6. Conspicuous consumption
7. “Keeping up with the Joneses”
8. Necessities
9. Luxuries
Column B
a. those things that satisfy people’s needs and wants
b. excessive spending done to impress others
c. an individual who buys or uses up goods or
services for his or her own use
d. the spending to stay on the same social level as one’s friends and neighbors
e. something that takes place when individuals buy or use goods or services
f. someone who makes goods or supplies services
g. goods and services that add to our enjoyment of life
h. something that occurs when a consumer buys a particular good or service
i. the goods and services we need to exist
Sagot :
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