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Stack #4700555

QuestionAnswer
buys goods and services consumer
a organization that does services in exchange for money business
products you can touch goods
work someone does for you services
money after they pay all the expenses profit
profit+money from sales+ expenses profit formula
good or services that people want or need business formula
the study of how people make choices when they have unlimited wants and needs but have 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 business 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 think of almost endless things they want 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 the people wants and needs scarcity
take care of needs first then use resources left over for wants simple rule
making smart choices with limited resources in an important business and life skill life skills
learning to make smart choices with limited resources business life skill
better prices more choices and better product competition leads to
Created by: CWhatley
 

 



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