_____ are things you would like to have, but do not need to survive

_____ are tangible things that one needs or wants.

E.g. phone

_____ are activities provided by people. They are intangible.

E.g. haircut

_____ : The next best alternative a person gives up when making a choice

Food, Shelter and Clothing are examples of ___

Sports Car, Big House and Nike Shoes are examples of ___

Which of the following is an example of GOODS

Which of the following is NOT an example of SERVICES

Goods and services which a person wants for himself

is known as ___

Goods and services which a person wants for himself and others in the community

is known as ___

Which of the following is NOT an example of COLLECTIVE WANTS ___

A person who buys goods for his or her own use is called _____

A person who produces goods or provides services

is called ______

Paying someone to do a work for you is called ___

Any physical item that can be purchased is called ___