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Economics and Basic Business

Horizontales
Demand is less than the goods or services supplies
Items used to make goods and or services
Man-made assets used to make goods and services
Total goods and services desired by consumers
Money left over after cost of production are paid
Business owned by stockholders
Supply equals demand
Intangible products
Verticales
Provides goods and service in order to make a profit
Something unnecessary but desired
Study of scarcity and the allocation of resources
Person or entity who uses goods or services
Business owned by two or more individuals
Demand is greater than goods or services supplied
Tangible products
Free market system where business is controlled by owners for profit, not by the government
Something necessary or required for life
Total goods and services available to consumers