EC-070
What is a raw-goods producer?
What is an example of an economic want?
A hair dresser is what kind of resource?
What is a Human resource?
What is the ultimate goal of all economic activity?
What is consumption?
When demand is great what happens to the supply and price?
What is prices increase and supply increases?
What are trade industries?
What are businesses that buy and sell goods to others?
How would a business's computers be classified?
What is equipment?
What can weather conditions most directly affect the supply of?
What are natural resources?
What is a gap between unlimited wants and limited resources creates?
What is scarcity?
When demand is low what happens to the price and supply?
What is price decreases and supply decreases?
How can a business show social responsibility?
What is through contributions to the public interests?
What will consumer usually do if a good or service is scare?
What is being interested in paying money to buy it?
What are resources that enable businesses to operate?
What are inputs?
Deciding to watch Youtube instead of playing a video game what are you doing?
What is opportunity cost?
What has technology led to in the supply of some products?
What is a decrease in some supply of products?
What is true about wholesale trade businesses?
What is they operate from a variety of business premises?
Industrial goods that are constantly being purchased and used up in operation of a business.
What are supplies?
What is money considered instead of a capital good?
What is the financial capital?
What is Sheryl doing if she is trying to decide which goods or services to purchase?
What is economizing
What could affect a product's utility to the individual consumer?
What are the three broad categories that cover all types of businesses?
What are producers, trade industries, and service businesses?
What are industrial goods and services purchased for resale, to make other goods and to use in business operations?
What do automations reduce?
What is reducing human effort and labor?
If Mark is deciding how to share his hair care products what is he trying to do?
What is allocate?
What factors affect supply of certain products?
What are technology, natural disasters, and government regulations?