A | B |
customer | a buyer of a good or service |
production | the creation of value |
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 ones 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 |
business | a person or group of people who want to make money by doing something specific |
economics | the science of distribution and consumption of goods-the science of choices |
profit | a gain in mone, sales receipts minus cost |
barter | to exchange goods with other people |
import | a good brought into a country from another country, to be sold |
export | a good sent from one country to another to be sold |
consumption | the use of goods to satisfy needs |