An individual or group who buys a product is called a:

An Individual who purchases goods and services for personal use is called a

Anything that can be bought or sold is called a:

a physical item that can be touched is called a:

something that is needed to servive is called a

Something that is not required to live, but provides comfort is called a ..

Any activity related to making a product is called:

The process of controlling and making decisions about a business is called:

All activities that identify, anticipate, and satisfy customer demand while making a profit is called:

All business activities that involve money are called:

a science that determines how goods and services are produced, sold, and used is called:

When demand is higher than the available resources it is called:

When something is given up in order to gain something else, it is called..

The type of economy where decisions are based on society's values culture, and customs is called:

The type of economy where the government makes all the economic decisions for its citizens is called a:

The type of economy where the individuals are free to make their own economic decisions is called:

The type of economy where both the government and the individuals make decisions about economic resources is called a:

Choose the correct statement regarding competition and price: