i
it is when the amount of money a person or company spends more then they receive or take in
lose
Doing an individual water company does one part of a Tuscan relies on others to complete the other parts of the task
specialization
Anyone who buys a good or service
consumer
a person who comes up with a product or service, or a better way to produce one
Entrepreneur
Process of choosing one good or service over another
opportunity cost
When people Depend on one another
Interdependence
loss
it is when the amount of money a person or company spends more then they receive or take in
profit
the positive gain from an investment or business after subtracting expenses
Some money just to come and collects for individuals and businesses to pay for public goods and services
taxes
There's a limited supply of something
scarcity
taxes
Some money just to come and collects for individuals and businesses to pay for public goods and services
the positive gain from an investment or business after subtracting expenses
profit
Any kind of work performed by others
service
good
Something you can feel over any kind of merchandise
supply
Turn on something available for use
demand
How much of a project or service is desired by buyers
scarcity
There's a limited supply of something
service
Any kind of work performed by others
How much of a project or service is desired by buyers
demand
Something you can feel over any kind of merchandise
good
Turn on something available for use
supply
Anyone who makes or clothes a good or performs a service
producer
economics
The study of the making buying and selling of goods and services
The study of the making buying and selling of goods and services
economics
producer
Anyone who makes or clothes a good or performs a service