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the production, distribution and consumption of goods and services.

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
show machines and tools used in production.  
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show a person who study's economics.  
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show a tangible product which may be sold to a consumer or other industry.  
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labor   show
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producing   show
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show the difference the revenue that a business generates from its goods.  
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assembly line   show
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show a service performed for the customer at the consumer level.  
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show the factors that may be combined in many ways to make a profit- natural resources, laber, capital,and other products.  
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free market economy   show
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industrial service   show
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show making the difference between revenues and costs as a large as possible.  
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other products   show
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Created by: tstretch
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