Unit 1

Are things that we can use to achieve something.

• Resources

• Goods

• needs

• Goal

means there is finit number of something or an end to something

• unlimited

• Limited

• resources

• customers

Means there is no end to something.

• limited

• unlimited

• customers

• resources

Is a persone who buys goods or services

• customer

• Limited

• unlimited

• Resources

Process of making products thats satisfy the needs and wants of individuals and other businesses.

• customer

• Business Activity

• Resources

• Services

Product that must have to live

• Needs

• Wants

• goods

• services

Product that people would like to have, but they can live without it.

• Wants

• needs

• Customer

• Services

Are things to buy. We can touch or hold them.

• Needs

• Services

• Goods

• Wants

Are action we pay for.

• Goods

• Services

• product

• Needs

Are goods or services that satisfy needs and wants of customers.

• Needs

• wants

• Products

• production process