A comparatively homogeneous product that can typically be bought in bulk
Mr C's daughter who got to ride in a police car
the exchange of one benefit or advantage for another that is thought to be better
something that motivates a person to take a particular course of action; could be positive or negative
is defined as consumers' willingness and ability to consume a given good
a system used to manage limited resources for the production, distribution, and consumption of goods and services
the study of the economy at the level of individuals, households, and businesses
a current medium of exchange in the form of coins and banknotes
the using up of a resource, product or service
is an obligation to repay an amount you owe
how quickly you can get your hands on your cash
the condition that results because people have limited resource but unlimited wants
an economic system in which production and prices are determined by unrestricted competition between privately owned businesses
a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so
An economic system in which economic decisions are made based on customs, beliefs, religion and habits
is the extension and integration of cross-border international trade, investment and culture
A market structure characterized by a single seller, selling a unique product in the market. The seller faces no competition, as he is the sole seller of goods with no close substitute
an economy in which production, investment, prices, and incomes are determined centrally by a government