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Stack #4700384
| Question | Answer |
|---|---|
| An organization | Business |
| productis you can see and physically touch | goods |
| work or an activivty a business | services |
| money left after a business expanses | profit |
| profit and money from sales | profit formula |
| goods and services that people want or need | businesses provide |
| the study of people make choices | ecominomes |
| things people must have and cannot live without | needs |
| things people would like to have | wants |
| things people and busnessis use to meet | resourses |
| funds used to buy what is really 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 use to meet | limited reourses |
| resourses are limited compared with peoples wants and needs | scarcity |
| take care of needs first and resources of wants and needs | simple rule |
| learning to make smart choices | business life skill |
| better prices, more choices,and better product. | competition leads to |