Rena ECON Vocab 1

A person that buys and uses up goods.

• producer

• consumer

• benefit

• investor

A person, company, or country that makes, grows, or supplies goods or commodities for sale

• market

• services

• captital

• producer

The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.

• export

• debt

• market

• economy

An advantage or profit gained from something.

• benefit

• cost

• analysis

• honor

An amount that has to be paid or spent to buy or obtain something.

• market

• cost

• minimum

• profit

The action of buying and selling goods and services.

• incentives

• games

• trade

• equal

The excess of a company's assets over its liabilities.

• debt

• capital

• good

• service

Rivalry among sellers where each seller tries to increase sales, profits and market share by various ways.

• gamble

• game

• competition

• investing

A business entity that is owned by its shareholder(s), who elect a board of directors to oversee the organization's activities.

• fiscal

• corporation

• market

• store

To spread the product throughout the marketplace such that a large number of people can buy it.

• consumer

• negative

• distribution

• positive