Economic
Loss
When the amount of money a person or company spends is more than they receive or take in.
Demand
How much of a product or service is desired by buyers.
Consumer
Anyone who buys a good or service.
Anyone who makes or grows a good or performs a service.
Producer
The amount of something available for use.
Supply
Profit
The positive gain from an investment or business after subtracting expenses.
Scarcity
There is a limited supply of something.
Specialization
When an individual or a company does one part of a task and relies on others to complete the other parts of the task.
The study of the making, buying, and selling of goods and services.
Economics
Something you can fell or any kind of merchandise
Godd
Taxes
The money that the government collects from individuals and business to pay for public goods and services.
Service
Any kind of work preformed for other.
Entrepreneur
A person who comes up with a product or service, or a better way to produce one.
Any kind of work preformed for other.
Service
The money that the government collects from individuals and business to pay for public goods and services.
Taxes
Good
Something you can fell or any kind of merchandise
Economics
The study of the making, buying, and selling of goods and services.
The process of choosing one good or service over another.
There is a limited supply of something.
Scarcity
The positive gain from an investment or business after subtracting expenses.
Profit
Supply
The amount of something available for use.
Producer
Anyone who makes or grows a good or performs a service.
Interdependence
When people depend on one another.
How much of a product or service is desired by buyers.
Demand
When the amount of money a person or company spends is more than they receive or take in.
Loss