i study
Loss
When the amount of money a person or company spends is more then they receive or take in
Demand
How much of a product or service is desired by buyers
Consumer
Anyone who byes a good or service
When the amount of money a person or company spends is more then they receive or take in
loss
A person who comes up with a product or service, or a better way to produce one
entrepreneur
profit
The positive gain from an investment or business after subtracing expenses
scarcity
There is a limited supply of something
specization
When an individual or a company does one part of a task and relies on others to complete the other parts of the task
The positive gain from an investment or business after subtracing expenses
Profit
when people depend on one another
interdependence
Texes
The money that the government collects from individuals and businesses to pay for public goods and services
service
Any kind of work performed for others
entrepreneur
A person who comes up with a product or service, or a better way to produce one
The money that the government collects from individuals and businesses to pay for public goods and services
Taxes
The study of the making, buying, and selling of goods and service
economics
Good
Something you can feel or any kind of merchandise
economics
The study of the making, buying, and selling of goods and service
opportunity cost
The process of choosing one good or service over another
Something you can feel or any kind of merchandise
Good
Anyone who makes or grows a good or performs a service
producer
supply
The amount of something available for use
producer
Anyone who makes or grows a good or performs a service
interdependence
when people depend on one another
The amount of something available for use
supply
Any kind of work performed for others
service