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Things we wish we could have
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terms list
Wants
Things we wish we could have
Needs
Necessary wants, such as food, shelter, and clothing
Goods
Material things that can be physically weighed or measured
Services
Tasks that people or machines perform
Resource
Anything that people can use, such as fuel, labor, or money, to make or obtain what they need or want
Business
Any activity that seeks profit by providing goods or services to others
Profit
The amount of money left over after a business has paid for the cost of producing its goods and services
Competition
The contest between businesses to win customers
Consumer
A person who selects, purchases, uses, or disposes of goods or services
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