| A | B |
| wants | the things you wish you could have |
| needs | necessary wants |
| goods | material things that can be physically weighed or measured |
| services | tasks that people or machines perform |
| resources | anything that people can use to make or obtain what they need or want. |
| business | any activity that seeks profit by providing good 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 |