produces simple products

1. A person who starts a business and is willing to risk loss in order to make money.

• a. buyer

• b. seller

• c. entrepreneur

• d. manager

A _______ is something that is manufactured following a process, in order to be sold for a profit.

Something you buy based on your needs and wants is called

• a. education

• b. goods

• c. bills

• d. service

______ Offers goods, products, or services to those who need it

A consumer’s desire to purchase goods and services and willingness to pay a price for a specific good or service.

• a. profit

• b. product

• c. demand

• d. business