EC-070
What do service businesses sell
What is intangible activities
People have__wants but limited resources
What is Unlimited
What is something that would be consider an economic want
Weather conditions can directly effect
When demanded is great (EC-011)
What is Prices increases and supply increase
Retailers sell to consumers, while whole seller sale to...
What is Other businesses
The study of Economics is about theses 2 things
What is People & Choices
Economic "votes" are cast by consumers when they
What is Make a purchase
Items that are used to produce goods and services
What is Economic Resource
When demand is low (EC-011)
What is Prices decrease and supply decreases
One way which many businesses demonstrate their social responsibility toward their employees is by providing....
What is Safe, secure working environment
A gap between unlimited wants and limited resources creates....
If a good or service is scarce, consumers will be
What is Interested in paying more money
Required in the production of all goods and services
What is Human Resources
Products used together (EC-011)
What is Complementary Products
Businesses demonstrate social responsibility in two ways, by contributing to public interest and...
The Ultimate goal of all economic activity
What is Consumption
Industrial goods that become part of a finished product without any addition processing
What is Parts
Resources that enable businesses to operate are also known as
What is Inputs
What happens during Sellers Market (EC-012)
What is Best selling time for producers
Why are raw good producers so important?
What is The main foundation which all other businesses depend on.
Involves giving up all or part of one thing to get something else
What is Trade offs
Consumer goods and services purchased quickly and without much thought or effort
What is Convenience Goods
There are 3 factors of productions, natural resources, human resources, and
What is Capital Goods
How do prices generally behave during a buyer's market
What is Prices may decline or stabilize