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Stack #4700512

QuestionAnswer
person who buys goods and services consumer
organization that provided good or service business
product you can see and touch good
work someone does for you service
money left after a business pays expenives profit
money earned-expensives profit formula
the study of how people make choices when they have unlimited wants and needs but limited reasources economics
things people must have to live oror function needs
things people would like to have but can live without wants
things people and businesses use to meet wants and needs resources
funds used to buy whats 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 or country has enough resources to get everything it wants limited resources
resources are limited compared with peoples wants and 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,and better product competition leads to
Created by: nawrockihailey
 

 



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