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Stack #4700376
| deffneshin | word |
|---|---|
| a person who buys goods and services | consumer |
| an organization or actively that provides good or services to customer in exchange for money | business |
| products you can see and physical touch | goods |
| work or an activity a business that performs for a customer | services |
| profit money left after a business | profit formula |
| money left after a business pays its expenses | profit |
| the work people do | labor |
| funds used to buy what needed | money |
| supplies and items used to make products | materials |
| people can think almost endless things they want or need | unlimited wants |
| no person business or country has enough resources to get everything it words | limited resources |
| resources are limited compared with peoples wants and needs | scarsty |
| take care of need needs first. then use resources left over for wants | simple rule |
| learning to make smart choices with limited resources | business life skill |
| better prices more choices and better product | competition lead to |
| things people must have to live | needs |
| things people would like to have but can live without | wants |
| the study's of how people make choices when they have unlimited wants and needs but limited resources | econimes |
| goods and services that's people want and need | business provide |
| things people and businesses use to meet wants and needs. | resources |