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How did the Spanish conquer and colonize the Americas?
Medium of Exchange
An intermediary used in trade to avoid the inconveniences of a pure barter system, such as currency or other financial instruments.
Efficient Use
Utilizing resources in a manner that maximizes the production of goods and services without waste.
Economy's Resources
The total means available for the production and consumption of goods and services, including labor, capital, land, and entrepreneurship.
Market Economies
Economic systems where supply, demand, and prices are driven by decisions made by consumers and businesses rather than central planning.
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