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Definition
how people use resources to satisfy their needs and wants |
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Definition
a person who starts a new business |
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Definition
money or goods borrowed with a promise to pay it back |
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Definition
different sellers trying to sell more of their product or service than other businesses |
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Definition
a way in which people are free to choose the goods and services they buy and make without government interference |
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Term
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Definition
the lowering of a price to motivate a customer to buy |
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Term
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Definition
an amount of a product that is available for sale |
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Definition
materials that cannot be renewed |
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Definition
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Term
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Definition
a need or desire for a good or service by people who are willing to pay for it |
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Definition
a crop that people grow or sell |
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Term
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Definition
products or services available for sale and purchase |
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Term
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Definition
making the choice to buy one thing over another |
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Term
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Definition
to refuse to buy goods or services |
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Term
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Definition
something that is provided to help someone |
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Term
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Definition
to have total control of the sales of a product |
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Term
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Definition
to owe more than you can pay |
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Term
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Definition
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Term
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Definition
to have more than you need |
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Definition
something a person gives up in order to get something else |
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Definition
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Definition
the money left over after all costs have been paid |
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Term
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Definition
a product that is brought into a country to be sold |
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Term
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Definition
a product that is taken to another country to be sold |
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Term
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Definition
a rise in the price of all goods |
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Term
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Definition
all the tools used to make a product |
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Term
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Definition
a governmental system whose laws allow free markets |
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