Matching Pairs VocabularyOnline version Meaning of each word. by Jeannette Yalibat 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 The money left over after all costs are paid. Expenses incurred from creating and selling goods and services. The money a company receives by providing services or selling goods to customers. The subarea of economics that focuses on the economy as a whole by looking at aggregate data for large groups of people, companies, or products. The amount of goods and services one worker can produce. The situation in which the average of all prices of goods and services is rising. The inputs, such as tools, machinery, equipment, and buildings, used to produce goods and services and get them to the customer. The study of people’s vital statistics, such as their age, gender, race and ethnicity, and location. The quantity of a good or service that people are willing to buy at various prices. Tangible items manufactured by businesses. Intangible offerings of businesses that can’t be held, touched, or stored. The resources used to create goods and services. The study of how a society uses scarce resources to produce and distribute goods and services. The subarea of economics that focuses on individual parts of the economy, such as households or firms. The potential to lose time and money or otherwise not be able to accomplish an organization’s goals.
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