____________ the process or activity by which income is divided among resource owners and producers.

_______________ the process of deciding which goods and services will be purchased or provided so that the most satisfaction can be obtained; deciding how scarce resources will be used.

___________ are intangible activities that are performed by other people for money; productive acts that satisfy economic wants.

________________ is a condition resulting from the gap between limited resources and unlimited wants for goods and services.

_______________ is a form of demand in which changes in price do not affect demand.

________________ is a form of demand for products in which changes in price correspond to changes in demand.

_____________ is the quantity of a good or service that sellers are able and willing to offer for sale at a specified price in a given time period.

______________ is the quantity of a good or service that buyers are ready to buy at a given price at a particular time.

_________________ is an economic principle which states that the quantity of a good or service that people will buy varies inversely with the price of the good or service.

____________________ is an economic principle which states that the quantity of a good or service that will be offered for sale varies in direct relation to its price.

_________________ is an economic principle which states that the supply of a good or service will increase when demand is great and decrease when demand is low.

______________________ is the best time for producers to sell; characterized by large demand, small supply, and high prices.

__________________ is a term used to refer to individuals who were born between the years 1946 and 1964.

______________ is a term used to refer to individuals who were born between the years 1965 and 1980.

___________________ is a term used to refer to individuals who were born between the years 1981 and 1995; also known as millennials.

______________ is a method of operating or controlling a process in which tasks are completed by automatic means, such as technology, reducing human effort and labor.

_______________ is productive resources; human and natural resources and capital goods; also known as economic resources.

______________ is an inventory method in which goods are ordered so that they arrive when they are needed rather than being stockpiled.

______________ is when two employees share the responsibility for one full-time position.

__________ is those who provide human resources, natural resources, and capital goods in order for production to take place.

___________ is people who work to produce goods and services.

__________ are people who assume the risks of starting and operating businesses.

_________________ is a scheduling procedure in which employees select their own working hours as long as they work the required number of hours.

_______________ is a project organized and sponsored by a company to help its employees.

_________________ are consumer goods and services purchased quickly and without much thought or effort.

______________ are physical objects that are useful, scarce, and transferable and which satisfy economic wants.

________________ are productive acts that are useful, scarce, and transferable and which satisfy economic wants.

__________ is the systematic gathering, recording, and analyzing of data about a specific issue, situation, or concern that affects a market.

__________________ are products purchased by producers for resale, to make other goods and services, and/or to use in business operations.

_____________ are consumer goods and services purchased after customers compare products to get the best quality, price, and/or service.

______________ are consumer goods and services with special or unique characteristics that customers are willing to exert special efforts to obtain.