Economics Reteach

-the study of how societies produce, distribute and consume goods and services

-determines the prices of goods and services in a market economy

a person, company, or business that makes goods or provides services for consumers

A person who purchases goods and services for personal use

Physical objects such as clothes or shoes

tasks that businesses perform for consumers

another word for farming. It includes both growing and harvesting crops and raising animals, or livestock

Mass producing goods on a large scale using machinery. (Factories) turning raw materials into a finished product.

the sale of goods and services to consumers and how the goods are distributed such as malls, shopping centers, websites

a business that does work for a customer, and occasionally provides goods, but is not involved in manufacturing.

Man-made goods used to help production or gain wealth

a person who owns or operates a business or comes up with the idea for a product/business

natural resources used to produce a product

The physical or mental work someone does to produce a good or service

Factory worker, waitress, manager