| A | B |
|---|
| Consumer goods and services | Products produced for personal consumption |
| Economic services | Productive acts that are useful, scarce, and transferable and which satisfy economic wants |
| Convenience products | Consumer goods and services purchased quickly and without much thought or effort |
| Equipment | Industrial goods used in the operation of a business but not used in the actual production of a good or service |
| Economic goods | Physical objects that are useful, scarce, and transferable and which satisfy economic wants |
| Goods | Tangible objects that can be manufactured or produced for resale |
| Economic want | A desire for something that can only be satisfied by spending money |
| Consumers | People who use goods and services to satisfy their wants |
