Business & Economics Vocabulary Words

Term for all the activities involved in developing and exchanging products.

(a)  

Anything that can be bought or sold.

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Physical item that can be touched.

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Action or task that is performed, usually for a fee.

(a)  

Individual or group who buys products.

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Something a person must have in order to survive

(a)  

Individual or group who buys products.

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Something that a person desires, but can survive without.

(a)  

Level of material comfort measured by the goods, services, and luxuries available.

(a)  

Characteristics of a product that satisfy wants and needs.

(a)