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Stack #4700502

QuestionAnswer
person who buys goods and sevices consumer
needs profit to to operate businesses
products you can touch and see goods
work services
money left after a business pays its expenses profit
profit+money from expenses- expenses profit formula
goods and services that people want and need business provide
the study of how people make choices when they have unlimited wants and needs but limited resources economics
things people must have to live with needs
things people can live without wants
things 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 to make products materials
people can think of almost endless things the want or need unlimited wants
no person, business, country has enough resources to get everything it wants limited resources
resources are limited compared to everybody's wants or needs scarcity
take care of 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, better products completion leads too
Created by: bklemke
 

 



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