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Stack #4700973

QuestionAnswer
person who buys goods and services consumer
an organization or avctivity that provides goods or services to customer in exchange for money producers
products you can see and physically touch goods
work or an activity a business pays its expenses services
goods and services that people want and need profit
The study of how people make choices when they have unlimited wants and needs but limited resources profit formula
things people must have to live or function business provide
things people would like to have but can live without economics
things people and businesses use to meet wants and needs needs
funds used to buy what is needed wants
the work people do resources
supplies and items used to make products money
people can thing of almost endless things they want or need labor
no person, business, or country has enough resources to get everything it wants materials
resources are limited compared with people's wants and needs unlimited wants
take care of needs first; then use resources left over for wants limited resources
learning to make smart choices with limited resources scarity
better prices, more choices, and better products simples rule
Created by: nisaac
 

 



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