They are the business owners who by taking risks and making decisions, enable production to be carried out in anticipation of demand. This is called (a)  

(a)   is the exchange of goods or services without the use of money.

(a)   is the excess of revenues over expenses in a business enterprise.

If the income of the business is less than the expenses then it makes a (a)   .

(a)   is the act of selling goods or services.

(a)   is a business or administrative concern which is set up for a particular purpose.

The complex of activities concerned with the production, distribution and consumption of goods and services is called an (a)  

(a)   is a person who engages in or takes overall administrative responsibility for the making of a product.

(a)   is a person who purchases goods and services for his own personal needs.

(a)   is the handing over goods for another item of equivalent value in kind.

Commodities that are tangible and are generally not consumed at the same time that they are produced are called (a)   .

(a)   can be defined as intangible commodities or work that are performed for remuneration.

(a)   is any situation which brings buyers and sellers into contact to transact business.

(a)   is an article of commerce.

(a)   applies to the money and all other assets which are used in the process of production e.g. buildings machines etc.

(a)   is the factor of production which is people’s physical and mental contribution to the creation of goods and services.

(a)   can be defined as workers confine themselves to one task and by doing so become experts at these particular tasks.