These things are what you need in order to produce goods or services

A person that buys something is called a

As one of the factors of production, this is the person that has the vision and skills and who also takes the risk to create and run a business�

As one of the factors of production, this is the collective whole of all the resources you will need to produce good and resources. We usually think of this as money.

An economic decision where the government makes all the decisions is called a

any place where people buy and sell goods and services is called a...

this is the financial gain a seller makes from a business transaction

______ refers to all the economic interactions that cross international boundaries

an example of intellectual property would be...

complete freedom would be a characteristic of this economy

The willingness and ability to buy a good is known as

What is the biggest factor that affects demand?

The desire and ability to produce and sell a product

When the quantity supplied is greater than the demand and you have leftovers is called a�.

When demand exceeds the supply you have you end up with a

The lowest price you may be paid for by your employer is the

The equilibrium price is

Of these things, which one is NOT something you should do to raise your credit score?

On credit cards, which interest rate do you want?

A good credit score can lead to lower interest rates on loans and can save you thousands of dollars over your lifetime.

Skipping just a few payments on a loan is okay and wont affect your credit score or cause you to pay late fees or have your interest rate raised.

Products you can hold in your hand and can be bought and sold are called�

A person that makes a product or performs a service is called a

Work that you do for an individual is called a