|
|
|
4
|
Money left after selling goods and services and costs of operating a business have been paid.
|
|
5
|
Goods that are purchased to add comfort or pleasure to life.
|
|
6
|
Necessities required for living.
|
|
7
|
Process of choosing which needs or wants will be satisfied.
|
|
8
|
Economic system in which decisions are based on customs and centered on family.
|
|
9
|
Buys and uses the goods and services.
|
|
10
|
Means from which goods and services are produced.
|
|
11
|
Opportunity to make choices of goods and services and accept consequences of decisions.
|
|
13
|
Raw materials supplied by nature.
|
|
15
|
Right to purchase,use, and discard of things of value.
|
|
16
|
Economics system in which the government owns resources and dictates what is produced.
|
|
17
|
Economic system which freedom to consume and produce goods and services exists.
|
|
18
|
Value of the next-best alternative that is forgone to produce or obtain another product.
|
|
21
|
Goods and money used in the production of goods and services.
|
|
25
|
People using efforts,knowledge, and skills at work to produce goods and services.
|
|
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