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Stack #4700501
| Question | Answer |
|---|---|
| person who buys goods and serves | consumer |
| organization that provides good or service for money | business |
| product you can see and touch | goods |
| work someone dose for you | services |
| a person who buys goods or serves | consumer |
| money left after a business pays its expenses | profit |
| money earned-expenses | profit formula |
| goods and serves that people value | businesses provided |
| the study of how people make choices when they have unlimited wants but limited resources | economics |
| producing selling buying or exchanging goods and services | economic activity |
| thanks people most have to live or function | needs |
| thanks people would like to have but can live without | wants |
| thanks people and businesses use to meet wants and needs | resources |
| funds used to buy what is needed | money |
| the work people do | labor |
| supplies and items used to make products | materials |
| people can thank of almost thank things they want or need | unlimited wants |
| no person business or county has enough resources to get everything it wants | limited resources |
| resources are limited compared with peoples wants and needs | scarcity |