i
when people depend on one another
interdependence
The amount of something available for use is __
supply
There is a limited supply of something
scarcity
anyone who makes or grows a good or performs a service
producer
When the amount of money a person or company spends is more than they receive or take in
loss
service is any kind of work___?
performed for others
The process of choosing one good or service, or a better way to produce one
opportunity cost
good is something you can feel or ___ of merchandise
any kind
supply
loss is when the amount of money a person or company spends is more than they _____?
receive or take in
How much of a product or service is desired by buyers
Demand
The money that the government collects from individuals and businesses to pay for public goods and services
Taxes
anyone who buys a good or service
consumer
makes or grows a good or performs a service
When an individual or a company does one part of a task and relies on others to complete the other parts of the task
specialization
scarcity means
There is a limited supply of something
a person who comes up with a product or service, or a better way to produce one
Entrepreneur
when others depend on one another is means...
interdependence
any kind of work performed for others
service
Entrepreneur is a person who comes up with a product or ____ way to produce one
service,or a
The study of the making, buying, and selling of goods an services
Economics
consumer is when anyone who buys _____or service
a good
The positive gain form an investment of business after subtracting expenses
Profit
Demand is how much _______ is desired by buyers
of a product or service
something you can feel or any kind of merchandise
Good