Vocab Words #7 Flashcards

1
Q

Boycott

A

To join others that refuse to deal with a person or group; refuse to do business with.

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2
Q

Brand

A

A name, term, sign, symbol or design that identifies the maker or seller of a product

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3
Q

Buying

A

Obtain by purchase; acquire by means of a financial transaction

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4
Q

Consumerism

A

An economic theory that links prosperity to consumer demand for goods and services

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5
Q

Demand

A

Amount of goods or services that people want to buy

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6
Q

Impulse

A

Something that you do all of a sudden, usually without thinking

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7
Q

Manufacturers

A

People who make things in factories

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8
Q

Monopoly

A

A single producer who has almost complete control over supply and price

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9
Q

Name

A

Name as in brand name, appeal to a consumer because of the name of the product for sale

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10
Q

Needs

A

Items consumers must have to survive

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11
Q

Product

A

Commodities available for sale

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12
Q

Purchase

A

To buy. The act of buying. Something that is bought.

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13
Q

Scarcity

A

When the desire for goods and services far outweigh our limited resources.

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14
Q

Service

A

Actions that satisfy people’s needs and wants.

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15
Q

Supply

A

The amount of something that is available for use

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