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Stack #4700917

QuestionAnswer
a person who buys goods and services consumer
an organization or activity a that provides goods or services to costumers in exchange for money business
products you can see and physically touch goods
work or an activity a business preforms for a customer services
money left over after a business pays its expenses profit
profit + money from sales - expenses profit formula
goods and services that people want and need businesses provide
the study of how people make choices when they have unlimited wants and limited resourses ecenomics
things people need to live or function needs
things people would like to have but can live without wants
things people and businesses use to meet wants or needs resorses
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 endless things they want or need unlimited wants
no person, business, or country has enough resources to get everything it wants limited resorses
resources are limited to the amounts of scarrsity
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: nathang12
 

 



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