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Stack #4700770

QuestionAnswer
person who buys goods or services Consumer
An organization or activity that provides goods or services to customers in exchange for money business
product you can see or touch goods
work someone does for you services
a person who buys goods or services consumer
money left after a business pays its expenses profit
profit plus money from sales minus expenses profit formula
goods and services that people want or 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 lie needs
things people would like to have but cant live without wants
things people and businesses 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 endless things that 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
making smart choices with limited resources is an important business and life skill life skill
better prices more choices and better product competition leads to
Created by: 31ccrilly
 

 



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