Business Essentials 2.02

Front

The using up of a resource

Back

consumption

Front

How much people want something

Back

demand

Front

The making, buying and selling of goods and services

Back

economics

Front

What do we call all of the resources required to make a product (good or service)?

Back

four factors of production

Front

Something we pay for that we can touch

Back

goods

Front

People who work to make goods or provide services

Back

human resources

Front

Something we use from nature

Back

natural resource

Front

The amount of money we pay for a good or service

Back

price

Front

Something we pay to use for a certain amount of time

Back

services

Front

things purchased by consumers

Back

goods