A | B |
To use is to... | consume |
What are items produced for sale called? | goods |
Name for human resources or workforce. | Labor |
Name for the place where buyers and sellers exchange economic products. | market |
What is the struggle between businesses to sell the best products at the lowest prices? | competition |
What is the driving force that encourages individuals and businesses to improve their material well being? | profit motive |
Name of economic system in which private citizens own and use the factors of production in order to seek a profit. | capitalism |
Name for tools, machinery and buildings used to make products. | capital |
What are materials in nature that make production possible? | natural resources |
To sell or give away. | dispose |