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Stack #4700324

QuestionAnswer
a person who buys goods and services consumer
a company who provides goods business
products you can see and feel goods
work someone does for you services
money you make after expences profit
profit=money-expenses profit formula
the study of how people make choices when they have unlimited wants and needs but limited resources economics
things people must have to live or function needs
things people would like to have but can live without wants
things people and businesses use to meet wants and needs reacorces
the work people do labor
supplies and items used to make the product materials
resources are limited compared to peoples wants and needs scarcity
take care needs simple rules
making smart choices life skill
goods that make people want and need buisness prlovide
funds used money
people want everything unlimited wants
limitedsupplies limitedreacores
learning to make smart choices buisness life skills
better prices more choices competition leads to
Created by: 31smithcarson
 

 



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