NTI Day 3 Questions

Front

Services

Back

Actions that people do for others to meet their wants and needs.

Front

Goods

Back

Objects that people make or grow to meet their wants and needs.

Front

Consumers

Back

People who buy and use goods and services.

Front

Producers

Back

People or businesses that make or grow goods and provide services.

Front

Free Enterprise System

Back

An economic system where people and businesses have the freedom to own and run their businesses.

Front

Wants

Back

Things that people desire but do not need for survival.

Front

Needs

Back

Essential items required for survival, such as food, water, and shelter.

Front

Economy

Back

The system of production, distribution, and consumption of goods and services.

Front

Market

Back

A place where buyers and sellers come together to exchange goods and services.

Front

Supply

Back

The amount of a good or service that producers are willing to sell at a given price.