Delivering the Goods
Glossary terms from:
The study of how people, firms and societies choose to allocate scarce resources with alternative uses.
Tangible objects that satisfy economic wants.
People and firms that use resources to make goods and services.
A process of manufacturing, growing, designing, or otherwise using productive resources to create goods or services used to to satisfy a want.
Activities performed by people, firms or government agencies to satisfy economic wants.
Effort applied to achieve a purpose or result, often for pay; skills and knowledge put to use to get something done; employment at a job or in a position; occupation, profession, business, trade, craft, etc.