Potpourri
Natural resources used in goods
What is land
The style of speaking or behaving
What are mannerisms?
A person sense of worth
What is self-esteem?
Materials developed from natural resources
What are raw goods?
This is the effectiveness of production
What is productivity?
The materials used to create goods
What are resources?
The process of transferring information to other places
What is effective communication?
A persons mental image of themselves
What is self-image?
The process of changing raw goods into a more finished products
What are processors?
The consumers willingness to buy a product
What is demand?
These are goods that are required to survive?
What are human needs?
The ability to evaluate information and arguments quickly
what is critical thinking?
Showing a strong belief or dedication of something
What is affirmation
The process of turning raw goods into a finished product
What are Finished goods?
When a product is in a larger quantity than is demanded
What is a surplus?
The problem of having unlimited wants but not enough materials to fulfil them
What is scarcity?
The ability to use time given effectively
What is time management?
A persons ability to recognize their own worth
What is high self-esteem
The process of effectively working together in a group setting
What is cooperation?
This economic system has elements of both marketing and command economy
What is a mixed economy?
These are human skills used to create goods and services
What is entrepreneurship?
The ability to cope with job stress
When a person doesn't believe they have any self worth
What is low self-esteem?
This business provides services to consumers and other businesses
What is a service firm?
The measure of change in the value of currency
What is rate of inflation?