Economics basics Year 10 prior knowledge quiz

Any commercial activity that seeks profit by providing consumers with goods and services.

Drive the economy

Contest to win customers

Products you can see and touch

materials found in the earth that people need and value

Tasks that businesses perform

The amount of money available to a business after they have paid all of their costs and expenses.

People who purchase goods and services.

Things that we do not have to have in order to survive.

Deals with the making, distributing, selling, and purchasing of goods and services.

The act of gathering information about consumer preferences.