A | B |
customer | a buyer of a good or service |
production | the creation of value; making something |
money | something precious used for exchange |
supply | a number of something available |
demand | the number of goods that buyers will take |
self-interest | regard for one's self or own advantage |
resources | property or goods that can be changed into money or used for production |
labor | personal productive activity for economic gain; to work |
business | a person or group of people who want to make money by doing something specific |
economics | science of distribution and consumption of goods |
profit | a gain in money; sales minus cost |
barter | to exchange or trade goods or services |
import | a good brought in from another country |
export | a good sent out to another country |
consumption | the use of goods to satisfy needs |