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Chapter 1: A Look at Wants and Needs
The things thats you wsh you could have. Include public and private wants.
Necessary wants. Include food, shelter, water, and clothing.
Something that can be physically weighed or measured.
Tasks that people or machines perform.
Anything that people can use to make or obtain what they want or need.
Any activity that seeks profit by providign goods or services to others.
The amount of money left over after a business has paid for the cost of produing its goods and services.
The contest between businesses to win customers.
A person who selects, purchases, uses, or disposes of goods or services.