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Stack #4700318

QuestionAnswer
you buy thing and use services consumer
is a organization that provides goods and services business
product you can see and touch goods
work someone does for you services
money left after a business pays its expenses profit
profit=money earned - expenses profit formula
goods and services that people want or need businesses provide
the study of how people make choices when they have unlimited wants and needs but limited resources economic
producing, selling, buying, or exchanging goods and services economic activity
thing people most have to live or function needs
thing people would like to have but can live without wants
thing people and businesses use to meet wants and need resources
funds used to buy what is needed money
the work people do labor
supplies and items used to make products materials
people can think of almost endless thing they want or need unlimited wants
no person, business, or country has enough resources to get our it wants limited resources
resources are limited compared with people's wants and needs scarcity
take care of needs first; then use resources ces left over for wants simple rule
making smart choices with limited resources is an important business and life skill life skill
better prices, more choices and better product completion leads to
Created by: jathon
 

 



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