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When the amount of money a person or company spends is more than they receive or take in.
What is loss?
What is economics?
The study of making, buying, and selling of goods and services.
Anyone who buys a good or service.
What is a consumer?
Something you can feel, or any kind of merchandise.
what's a good?
What is profit?
The positive gain from an investment or business after subtracting expenses.
What is a good?
Something you can feel, or any kind of merchandise.
There is a limited supply of something.
What is scarcity?
When people demand on one another.
What is interdependence?
What is a producer?
Anyone who makes or grows a good or performs a service.
The study of making, buying, and selling of goods and services.
What is economics?
Anyone who makes or grows a good or performs a service.
What is a producer?
What is opportunity cost?
The process of choosing one good or service over another.
The positive gain from an investment or business after subtracting expenses.
What is profit?
What is loss?
When the amount of money a person or company spends is more than they receive or take in.
What is a consumer?
Anyone who buys a good or service.
What are taxes?
The money that the government collects from individuals and businesses to pay for public goods and services.
A person who comes up with a product or service, or a better way to produce one.
What is an interpreter?
What is service?
Any kind of work performed for others.
How much of a product or service is desired by buyers.
What is demand?
The money that the government collects from individuals and businesses to pay for public goods and services.
What are taxes?
Any kind of work performed for others.
What is service?
The amount of something available for use.
What is supply?
When an individual or a company does one part of a task and relies on others to complete other parts of a task.
what is specialization?
What is scarcity?
There is a limited supply of something.
The process of choosing one good or service over another.
What is opportunity cost?