| A | B |
|---|
| profit | the amount of money remaining from income after all expenses are paid. |
| profit motive | when a business has this, it makes decisions on how to use resources in a way that will result in the greatest profit. |
| revenue stream | an activity such as the sale of tickets that will produce money |
| Economic Impact | he effect produced, such as jobs created or revenue generated, by decision made by consumers and businesses |
| scarcity | occurs when there is a limited amount of resources needed to produce and distribute goods and services |
| loss | When businesses do not make enough revenue to cover expenses. |
| economics | the study of how goods and services are produced, distributed, and consumed. |
| economic utility | The amount of satisfaction a person receives from the consumption of a particular product or service. |
