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Java Games: Flashcards, matching, concentration, and word search. |
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C 1 A Look at Wants and Needs
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| wants | Things we wish we could have, as opposed to needs |
| needs | Necessary wants, such as food, shelter, and clothing |
| goods | Material things that can be physically weighed or measured |
| services | Tasks that people or machines perform |
| resource | Anything that people can use, such as fuel, labor, or money, to make or obtain what they need or want |
| 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 |
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