Business

?
Market
where buyer and sellers meet to exchange goods and services
1 of 5
Products
goods made or services provided by businesses
2 of 5
Services
non­physical products,like a haircut or a train journey
3 of 5
Opportunity cost
he benefit lost from the next best alternative when making a choice
4 of 5
Private sector
the rest of the economy apart from the public sector,owned and controlled by private individuals and businesses
5 of 5

Other cards in this set

Card 2

Front

goods made or services provided by businesses

Back

Products

Card 3

Front

non­physical products,like a haircut or a train journey

Back

Preview of the back of card 3

Card 4

Front

he benefit lost from the next best alternative when making a choice

Back

Preview of the back of card 4

Card 5

Front

the rest of the economy apart from the public sector,owned and controlled by private individuals and businesses

Back

Preview of the back of card 5

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