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Loss
When the amount of money a person a company spends is more than they receive or take in.
Profit
The positive gain from an investment or business after subtracting expenses.
Taxes
The money that the government collects from individuals and businesses to pay for public goods and services.
Good
Something you can feel or any kind of merchandise.
Supply
The amount of something available for use.
Demand
How much of a product or service is desired by buyers.
Scarcity
There is a limited supply of something.
Service
Any kind of work performed for others
Economics
The study of the making, buying, and selling of goods and services.
Producer
Anyone who makes or grows a good or performs a service.