(Gedling) Economics

The money left over after wages and other costs have been paid.

Making goods and delivering services.

A person who is making goods or delivering services.

Working to produce goods or services.

The amount of a good that a consumer wants.

Examples of this include: soil, minerals, trees, water, and plants.

The activities that someone does for someone else.

A person who is buying or using a good or service.

Examples of these are shoes, books, clothes, desks, or anything else that can be sold.

To buy goods from another country.

The amount of a good that producers provide.

To sell goods to another country.

When people can own and run their own business.

Goods made in the past and used to make other goods and services in the future.

When there are not enough resources to make all of the products people want.

Giving up one thing to do gain something better.

A person who buys a good or a service.

A vision or an idea that a person has about a business.