A | B |
Industrial goods | : Tangible items that will be consumed by industrial users |
Market economy | : An economic system in which the questions of what, how, and for whom goods will be produced are answered by individuals and businesses in the marketplace |
Medium of exchange | : Something of value that can be used to obtain goods and services; most common form is money |
Means of production | : All the resources required in the production of goods and services |
Markets | : Arrangements for the buying and selling of goods and services |
Natural resources | : Items that are found in nature and used to produce goods and services |
Producers | : The people who make or provide goods and services |
Interdependent | : Influencing or relying upon one another |