Business-connections
Supply and Demand
Goods and services
Resources
Random
100

Someone who sells products.

Producer

100

Quantity of a good or service that producers are able and willing to offer for sale

Supply

100

What is a wholesale company?

Sells items in bulk

100

What is a company that sells regular items

Retail Company

100

What is someone who buys products called?

Consumer

200

This type of business usually sells their items in ¨Bulk¨

Wholesome company

200

Cotton is an example of a __________ resource.

Natural 

200

Parts such as screws, materials, parts belong to what classification?

Industrial products 

200

Made by manufacturers 

Ex: Phones, machines, vehicle

Capitol resources/goods

200

Another name for Factors of Production

Economic Resources

300

The two main divisions of the trade industry are

Wholesale and Retail

300

Responsibility is a key part of which ethical principle?

Accountability

300

Someone who buys products

consumer

300

True or false: Capitol goods are created by people

True

300

When people want things they haven’t earned, they are motivated by

Greed

400

The¨Gap¨ between unlimited desires for products and limited resources is known as

Scarcity

400

Limited resources are those that are

Scarce 

400

Consumers purchase these items quickly and without much thought or effort

Convenience 

400

Giving up one thing for something else is:

Trade-offs

400

If you need to spend money to satisfy a want, it is considered an:

Economic Want
500

A _______ market is characterized by large supply, small demand, and low prices. 

Buyers

500

Consequence of unethical behavior

Lost Trust

Poor reputation

Legal problems

500

These are items with special or unique characteristics that consumers are willing to exert special efforts to obtain.

Specialty products 

500

True or False: Money is a capital good

False

500

A duty to contribute to the well-being of society.

Social Responsibility

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