Economics

is used to collect the information from a variety of sources, such as statistics and publications

A _____________ is owned by a limited number of shareholders

Markets always have two sides

____ means that using the same resources one nation can produce a product at a lower cost than others

Producer goods can be used for a considerable period and can be used several times are called

The study of the choices people make in a effort to sat­isfy their wants and needs is called

A ___________ is an action or activity done for others for a fee

__ is the economic rivalry when producers in a given industry gain a larger share of the market

Partnership can be __

The aims of public organizations are decided by

_ is used to collect the information questioning consumers directly about their tastes and preferences

A ________ image can very often lose the company business

Seeds, fertilizers, raw materials etc. are the example of

The money and capital goods that are used to produce consumer products are called

In order to survive, the firm may have to _____

__ are those goods and services that people consume beyond what is needed for survival.

__ exists when there are many buyers and sellers, none of whom control prices

There are two concepts on which are based an international trade

The term __________ is defined as the amount that the customers pay for a product

___ is formed mainly to provide for material wants and commercial wants in society.{

The most common way of joining businesses is through

__ is the voluntary exchange of goods and services between people in different nations

A merger between two or more companies producing or marketing different products is a

Resources that can be used to produce goods and services are called

__ exists because people's wants and needs are greater than the resources available to satisfy them