| A | B |
|---|
| Cost of goods | : The amount of money a business pays for the products (or for any part of the products) it sells or for the raw materials from which it produces goods to sell |
| Creditors | : Individuals or businesses to whom a business owes money or from whom it wants to borrow money |
| Efficiency | : Accomplishing a task with a minimum expenditure of time and effort |
| Expenses | : The money that a business spends |
| Gross profit | : Money left after the cost of goods is subtracted from total income |
| Net profit | : Money left after the cost of goods and operating expenses are subtracted from the total income |
| Income | : The money received by resource owners and by producers for supplying goods and services to consumers |
| Demand | : The quantity of a good or service that buyers are ready to buy at a given price at a particular time |
| Economy | : The system in which people make and spend their incomes |
