A want that is shared by many people and satisfied by governments.

Anything the people use to obtain what they need or want.

Because individuals and society have unlimited wants, they have to deal with a shortage of resources. The choices they make with a limited supply is known as?

The price when the quantity of supply meets the quantity of demand of a particular good or service.

Entertainment Company started by two Step Brothers, Dale and Brennan.

Term for necessary wants

The contest between businesses to win customers.

These resources, otherwise known as Factors of Production, include natural, capital, and what else?

In this system, economic decisions are made in the marketplace according to the laws of supply and demand.

The name of the corporation ran by Batman.

A task that performed by people or machines.

Who you are when you select, purchase, use, or dispose of goods or services.

The means to produce goods and services.

In this system, a central authority, such as the sate makes the key economic decisions.

What is his job and what type of resource is Spongebob to the KrustyKrab?

Businesses provide these to consumers in order satisfy their wants and needs.

This is a "reward" for satisfying consumers' needs and wants.

Limited resources are also known as

Use to describe how producers provide the goods and services that people want. These two terms go hand in hand, so you just might guess that it involves...

What is the name of the corporation that supplies Wylie Coyote, and other Looney Toons, with a variety of goods and services?

You would want to run one of these, if you wanted to make a profit by providing goods or services.

Explain: What is the difference between a Good and a Service?

term known as the shortages of goods or services

This system, is a combination of command and market economy.

Name 2 countries with command economies.