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Stack #4700545
| Question | Answer |
|---|---|
| person who buys goods and services | consumer |
| an organization or activity that provides goods or services to costumer in exchange of money | buisnesss |
| products u can use see and physically touch | goods |
| work or an activity a buisnees preforms for a customer | services |
| money left after a buisnees pays their expenses | profit |
| profit+money from sales - expenses | profit formula |
| goods and services that people want and need | buisnnese provide |
| the study of how people make decisions when they have unlimited wants and needs but limited recources | economics💸 |
| things people must have to live or function | needs |
| things people would like to have but can live without | wants |
| things people and buisneeses use to meet wants and needs | recources |
| funds used to buy what is needed | money |
| the work people do | labor |
| supplies and items used to make products | materials |
| people can think of almost endlees things they want or need | unlimited wants |