Economecs

Question 1

Producer

Answer 1

A person who makes goods to sell

Question 2

Consumer

Answer 2

A person who buys goods or servings

Question 3

Transportation

Answer 3

The movement of goods,people or animals from place to another

Question 4

Globalization

Answer 4

Process in which a business which makes something or provides services around the world

Question 5

Profit

Answer 5

The money a business makes or has left over after the bill are paid

Question 6

Technology

Answer 6

Development of scientific knowledge to solve the problems

Question 7

Communication

Answer 7

A way to convey or deliver a message to another person or business

Question 8

Barter

Answer 8

When business trade there products of services to get things they want and need

Question 9

Economy

Answer 9

The management of resources of a contry

Question 10

Want

Answer 10

Something a person would like to have but can live without

Question 11

Need

Answer 11

Something a person must have to live

Question 12

Opportunity cost

Answer 12

Something you can give up to have something you want

Question 13

Demand

Answer 13

When someone wants a product

Question 14

Urban

Answer 14

An area within a city

Question 15

Rural

Answer 15

A area out in a county

Question 16

Interdependent

Answer 16

When people depend on each other for goods services and resources

Question 17

Free enterprise system

Answer 17

When business decide what goods to make or to sell

Question 18

Supply

Answer 18

The amount of product a business has