| A | B |
| Wants | Things we wish we could have |
| Services | Tasks that people or machines perform |
| Needs | Things we must have to survive |
| Resource | Anything that people can use to make or obtain what they want or need |
| Goods | Material things that can be weighed or measured |
| Business | Any activity that seeks profit by providing goods and services to others |
| Competition | the contest between businesses to win costumers |
| Consumers | A person who selects, purchases, uses, or disposes of goods or services |
| Profit | The amount of money left over after a business has paid for the cost of producing its goods and services |