A statement describing the long term aspirations or direction of a company

A physical item produced are bought to satisfy human needs and wants

The value of the next best alternative given up when making a decision

A limit placed on the quantity of the good that can be imported or exported

A tax or duty place on imports to raise their

price, and protect local businesses

An economic system where the government controls production distribution and prices

A business owned by a single individual who is responsible for its operations

Goods and services sent out of a country to other nations

Good service is brought into a country from another country

An economic system where decisions are driven by supplied demand and competition

An economic system based on custom traditions and beliefs

Decrease in the general price level of goods and services often linked to reduce demand

An individual or group that purchases good and services for personal use

Specific and measurable objectives and individual organization strives to achieve

A share ownership and a corporation typically bought and sold on a stock

The condition where there are limited resources available to me unlimited wants

A complete ban on trade with a specific country or the exchange of certain good

Intangible actions performed to fulfill the needs and wants of people

An economic system, combining elements of both market and command economic

An increase in the general price level of goods and services often linked to increase demand

A business owned by two or more individuals who share profits and responsibilities

The quantity of a good or service that producers are willing to offer for sale at different prices

A statement describing the purpose of a company or organization

Things people desire, but can live without

Giving up one thing to gain another often due to limited resources

A large company that is legally separate from its owners and has ability to raise funds through the sale of a stock

A restriction imposed by government on an international trait, such as tariffs, quotas and embargo

A business that creates and supplies goods or service

Then a basic necessities is essential for survival such as food, water, and shelter

The quantity are good of a good or service that consumers are willing to buy a different price

The condition of a decrease in the price level of goods and services over time

An individual or entity that produces and create goods or services

A document or statement describing the long-term goals and direction of a company or organization

An economic system where decisions are driven by central government control rather than supply and demand

The concept of trading something a value for something else that is desired