ESB Vocabulary quiz EOS

are the goods and services businesses use to meet consumer wants and needs

utility:the value and usefulness created by business activities

• the amount of currency is worth in another form of currency.

are goods and services that are produced and shipped from one country to another country.

• the process by which businesses or other organizations develop international influence or start operating on an international scale.

• are goods and services made in a foreign country and shipped into another country.

is a general increase in prices and fall in the purchasing value of money

• a percentage of a loan that is changed to the borrower incrementally 

• states that at any given stage of technological advance an increase in productive factors, such as labor or capital.

• the study of large-scale economic factors that indicate the condition of the economy.