BusinessScents 2/8-22/2021

The branch of knowledge concerned with the production, consumption, and transfer of wealth

Examples of food, shelter, and clothing are representatives of _____

Those goods and services that cannot be bought such as peace, love, and affection are examples of _____

_____ is a term in economics that refers to the total satisfaction received from consuming a good or service

_____ is someone who creates and supplies goods or services

According to economists, these four categories -- land, labor, capital, and entrepreneurship – are known as the _____

_____ is a key input in the production process that stimulates economic growth.

_____ is the amount of physical, mental, and social effort used to produce goods and services in an economy

_____ is a measure of the skills, education, capacity and attributes of labor which influence their productive capacity and earning potential

_____ are physical assets that a company uses in the production process to manufacture products and services that consumers will later use