| A | B |
|---|
| wants | Things we wish we could have. |
| needs | Things we must have to survive. |
| goods | Material things that can be weighted or measured. |
| services | Tasks that people or machines perform. |
| resources | Any thing that people can use to make or obtain what they want or need. |
| business | Any activity that seeks profit by providing goods or services to others. |
| profit | The amount of money left over after a business has paid for the cost of producing its goods and services. |
| competition | The contest between businesses to win customers. |
| consumer | A person who selects, purchases, uses, or disposes of goods or services |
| private wants | A group of people may also share the same wants. |
| public wants | Some wants are widely shared |
