keep
good
something you can feel or any kind of merchandise
economics
the study of making, buying, and selling goods and services
entrepreneur
someone who comes up with there own bushiness
something you can feel or any kind of merchandise
good
when an individual or a company does one part of a task and relies on other people to complete the other parts of the task
specialization
profit
the positive gain from a investment or business after subtracting expenses
scarcity
there is a limited supply of something
specialization
when an individual or a company does one part of a task and relies on other people to complete the other parts of the task
any type of work preformed for others
service
Loss
when the amount of money a person or company spends is more than they receive or take in.
demand
how much of a product or service is needed by customers
consumer
anyone who buys a good or service
the process of choosing one good or service over another
opportunity
taxes
the money that a government collects from individuals businesses to pay for public goods and services
service
any type of work preformed for others
opportunity
the process of choosing one good or service over another
when people depend on one another
interdependence
supply
the amount of something available
producer
anyone who makes or grows a good of preforms a service
interdependence
when people depend on one another
how much of a product or service is needed by customers
demand