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Stack #4700546

QuestionAnswer
person who buys goods and services consumer
an organization or activity that provides goods or services to customers In exchange for money business
products you can see and physically touch goods
work or an activity a business performs for a customer services
a person who buys a good or services consumer
money left after a business pays it's expenses profit
profit + money from sales - expenses profit formula
goods and services that people want and need business provide
the student of how people make choices when they have unlimited wants and needs but limited resources economics
things people must have to live or function needs
things people would like to have but can live without wants
things people and businesses use too meet wants and need resources
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 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 people's wants and needs scarcity
take care of needs first; simple rule
Created by: scasillas
 

 



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