A | B |
consumer | a person who buys and uses goods and services |
market | 1) a place where buyers and sellers meet 2) potential customers for a product or service. |
incentive tax | a reason for action |
demand | the amount of goods or services consumers are willing to buy at a certain price at a given time. |
efficiency | the state of being productive without wasting time, money, or energy |
corporation | a business owned by stockholders |
cooperative | people who join together to ensure the best price for their products. |
free enterprise system | an economic system in which buyers affect which goods and services are produced |