level of industry that uses resources to make products
secondary
money earned by selling goods or services
profit
Revenue minus expenses equals?
profit
A business that concentrates on making just a few products
specialization
Provide an example of a specialized business
Answers will vary - Ritas, McDonald's, Philly Pretzel,etc.
Lack of jobs due to lack of demand for goods and services
unemployment
Struggle among producers for consumers' business
competition
Name a competitor of Weis grocery
Walmart ,Giant, Redners, Wegmans,etc.
most common item used to pay for a good or service
money
trading is also called...
barter(ing)
level of industry that provides services or distributes goods
tertiary industry
declilne in economic growth for 6 or more months
recession
level of industry with focus on information and research
quaternary
ways to persuade consumers to buy a good
advertising
