Anything that can be bought and sold

A physical item that can e touched

An action or task that is performed, usually for a fee

An individual or group who buys products

A person who purchases goods and services for Personal use

Something that is needed to survive

Something that is NOT required to live

A science that examines how goods and services are produced, sold and used

ALL of a nation's NATURAL resources found in nature

The work performed by people in organizations

All of the tools, equipment, and machinery used to produce goods and services

The people who start a new business or purchase an existing business

An organized way in which a nation chooses to use its resources to create goods and services

When demand is higher than the available resources