economics💸💳

Question 1

employer

Answer 1

gets workers for a business

Question 2

employee

Answer 2

a person who works for a business

Question 3

landlord

Answer 3

the owner of a house that gets leased/producer

Question 4

leased

Answer 4

the renting agreement

Question 5

tendant

Answer 5

the person who is living in the leased house / they are the consumer

Question 6

wants

Answer 6

things you who’d like but can live without

Question 7

needs

Answer 7

things you can’t survive without

Question 8

strategy

Answer 8

a plan to achieve a goal

Question 9

scarcity

Answer 9

having unlimited wants but limited recorces

Question 10

market

Answer 10

exchange of goods and services

Question 11

export

Answer 11

selling products to oversees countries

Question 12

salary

Answer 12

being payed a amount for the year

Question 13

wage

Answer 13

being payed but it depends on the work, times ect

Question 14

consumer

Answer 14

the people that buy the item to use

Question 15

demand

Answer 15

the amount of goods and services that a consumer will buy at a certain price

Question 16

supply

Question 16

law of demand

Answer 16

when a price rises the demand decreases and when the prices falls the demand increases

Question 17

law of supply

Question 18

producer

Question 19

services