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