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