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SBV list 9-2
Question | Answer |
---|---|
consumer | a person whose wants are satisfied by using goods and services |
consumption | the purchase and or use of goods and services |
cultural institution | An established custom practice or relationship of importance in a society |
human resource | a productive resource consisting of the talents and skills of human beings that contribute to the production of goods and services |
progressive tax | a tax for which the percentage of income paid in taxes increases as income increases |
public sector | the part of the economy that involves the transactions of the government |
pull factor | a social, political, economic or environmental attraction of a new area that drew people away from their previous location |
services | actions that are capable of satisfying peoples wants |