Card Set Information
the study of the making, buying, and selling of goods or services
any kind of work performed for others
any kind of merchandise
means that there are limited resources
anyone who buys a good or a service.
anyone who makes or grows a good or performs a service.
the item that you don’t pick
is when an individual or a company specializes in doing one part of a task, and relies on others to complete the other parts
when people depend on one another
the money that the government collects from individuals and businesses to pay for public goods and services.
a percentage of money taken out of your income (the money you make)
a person who comes up with a product or service, or a better way to produce one
competition for sales and goods
the amount of goods
the amount of money a business makes
the amount of money a business loses
how much a product or good is wanted