Economic terms macro

whenever an entity can survive or continue its activities without external assistance or international trade.

Anything customarily used as a medium of exchange, a unit of accounting, and a store of value.

Any good or service that is fundamentally necessary for survival, such as food, clothing, and shelter.

Something that a person would like to have.

Inputs (resources) used to create goods and services, including land, labor, capital, and entrepreneurship.

Any asset that can enhance one's power to perform economically useful work. 

The sector of the economy which purchases goods from the product market

A business owned and operated by one person.

The monetary compensation paid by an employer to an employee in exchange for work done.

An entity, either a person or firm, which supplies goods or services.