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Stack #4700320

QuestionAnswer
a person who buys goods or services consumer
selling goods or services in exchange business
products you can see and touch goods
work someone does for you services
money left after a business pays its expenses profit
money earned -expenses profit formula
goods and services that people want and need businesses provide
the study of how people make choices when they have unlimited wants and need but limited resources Economics
selling buying or exchanging good and services Economics activity
things people must have to live or function needs
things people would like to have but can live without wants
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 things they want or need unlimited wants
no person business or country has enough resources to get everything it wants limited resources
resources are limited compared with people's wants and needs scarcity
do I need this or just want it .is this the best use of my money consumers should ask
take care of needs first then use resources left over for wants simple rule
making smart choices with limited resources is an important business and life skill life skill
learning to make smart choices with limited resources business life skill
better prices more choices and better product competition leads to
Created by: 31fosterhayden
 

 



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