Social
Need:
Something you need in order to survive
Public Services:
Services provided by the government
Consumers
Buy goods and services in their community or from other communities
Manufacturing:
The business of using raw materials to make goods or services to sell
Want:
Something you would like to have, but can live without it
Private Enterprises:
Businesses owned by people
Shortage
Something cannot be found in the amount needed
Are you gonna do great?
(c'mon people, this is the easiest question)
YES YOU ARE!)
Private Goods:
Food, Clothing, Furniture, Toys
Specialization:
Lets companies make more and better products to sell
Opportunity Cost
The value of what you give up when you make a choice
Agriculture
Business of growing crops and raising livestock
Public Goods
Paid for by taxes, not individual consumers
Tourism:
The business of encouraging people to travel for fun
Information Technology
Study and development of computer systems to store, retrieve, and send information
Research and development
The process companies use to gain new knowledge to make or improve goods and services
Goods
Items you can use or consume to meet your needs
Producer:
Someone who makes a good or provides a service
Bonus for those who did not go to BizTown
How does these words relate to a job?
Bonus for those who did go to BizTown
Producers: I provided ___ Services (as a service)