Economics & Business

Something you must have; a requirement:

• a need

• a want

• a pony

• a wish

Something that you desire:

• a want

• a need

• an umbrella

• a scarcity

Which is INCORRECT?

• Supply and demand = The amount we can produce and the amount people want.

• The CEO is the highest ranked person in the workplace and is responsible for the business.

• Scarcity = The state of being scarce or in short supply

• Debt = the money the bank owes you

Premises are:

• a house or building, together with its land and outbuildings, occupied by a business.

• a vehicle which you drive

• a surface you travel over

• a broccoli

Profit =

• The money you make from something; a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

• The money you pay for something; a financial loss, especially the sum of the amount earned and the amount spent in buying, operating, or producing something.

• The environmental benefit you make from something; an ecological gain, especially the difference between the amount of trees planted and the amount chopped down.

• the most important thing