Economics. Basic words and their basic definitions. The study of the consumption, production, and transfer of wealth Study of how stuff is made and bought. Economics. A person who purchases goods and services for personal use Someone who buys/uses stuff Ex: YOU! . Consumer.
Basic words and their basic definitions
A person, company, or country that makes, grows, or supplies goods for sale
Problem that arises because people have unlimited wants but their resources are limited
Natural item, man-made item, or service used to produce goods and services