Commerce: Needs, Goods & Rights

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Key terms and concepts

Tanisha Thalib

Australia

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Fill in the Blanks Commerce: Needs, Goods & RightsOnline version Key terms and concepts by Tanisha Thalib 1 A is a person who buys or uses and . 2 are things you must have to survive . Examples include , , and . 3 are things you would like but do not need . Examples include , and . 4 Types of Goods include bought for personal use ( e . g . , , , ) and used by businesses to produce goods or services ( e . g . , , , ) . 5 last a long time ( e . g . , , , ) while are used quickly ( e . g . , , , ) . 6 are everyday products people regularly buy ( e . g . , , , ) and are expensive items bought for enjoyment or status ( e . g . , , , ) . 7 are used together ( e . g . , + , + ) while can replace each other ( e . g . , + , + , + ) . 8 influences consumer decisions : higher prices may deter purchases during inflation ; good encourages repeat customers ; and also affect buying choices . 9 is money left after paying and affects spending on versus essentials . 10 lead some consumers to choose environmentally friendly products , such as , and sustainable goods .