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Stack #4700326
| Question | Answer |
|---|---|
| a person how buys goods and services | consumer |
| it is a organisation that provides good and services | business |
| a product you can see and touch | goods |
| work someone dose for you | services |
| the work people do | labor |
| money that's left after paying its expenses | profit |
| money earned-expenses | profit formula |
| goods provide | businesses provide |
| the study of how people make choices when they have unlimited wants and needs but limited resources | economics |
| producing, selling, buying or exchanging goods and services | economic activity |
| 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 want and need | resources |
| funds used to buy what is needed | money |
| supplies and items used to make products | materials |
| people can think of almost endless things they want of need | unlimited wants |
| limited resources |