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A type of producer that provides goods in their natural state
Raw-goods producer
Intermediaries who help move goods between producers and retailers by buying goods from producers and selling them to retailers
Wholesalers
Productive acts that are useful, scarce, and transferable and which satisfy economic wants
Economic services
Products purchased by producers for resale, to make other goods and services, and/or to use in business operations
Industrial goods and services
Industrial goods that become part of a finished product without any additional processing
Parts
A business that buys consumer goods or services and sells them to the ultimate consumer
Retailer
Products produced for personal consumption
Consumer goods and services
A desire for something that can only be satisfied by spending money
Economic want
High-cost, long-lasting industrial goods that are used to produce other goods and services
Installations
A good or service that a company sells to customers
Product
A type of business that performs intangible activities that satisfy the needs and wants of consumers or industrial users
Service business
People who use goods and services to satisfy their wants
Consumers
Industrial goods used in the operation of a business but not used in the actual production of a good or service
Equipment
The systematic gathering, recording, and analyzing of data about a specific issue, situation, or concern that affects a market
Market research
Items in their natural state or condition
Raw materials
The duty of business to contribute to the well-being of society
Social responsibility
Consumer goods and services purchased quickly and without much thought or effort
Convenience products
Tangible objects that can be manufactured or produced for resale
Goods
Industrial goods that become part of a finished product after they have been processed
Materials
Limited
Scarce
Businesses that buy and sell goods to others; retailers and wholesalers
Trade industries
Physical objects that are useful, scarce, and transferable and which satisfy economic wants
Economic goods
Any item purchased as a result of an on‑the‑spot decision to buy
Impulse item
A desire for something that can be satisfied without spending money
Noneconomic want
Intangible activities that are performed by other people for money; productive acts that satisfy economic wants
Services