QUESTIONS WITH SOLUTIONS GRADED A+
◍ Financial exchange.
Answer: Is when commodities are bought or sold using money
◍ desire.
Answer: to wish for; to want very much
◍ factors of production.
Answer: are the factors that combine to make the production of goods and
services
◍ depth.
Answer: distance from top to bottom or front to back; deepness
◍ communicative.
Answer: willing to speak; eager to talk
◍ Price stability.
Answer: When prices of goods and services in a economy stay the same for
a long period of time
◍ Financial planning.
Answer: Is making a plan for the future about how to mange your finances
◍ Direct Competitors.
Answer: Companies that offer basically the same product
◍ banish.
Answer: to get rid of completely
◍ Producer.
Answer: Someone who makes a commodity available for sale or exchange
◍ Medium of exchange.
, Answer: Used to buy and sell commodities
◍ deliberate.
Answer: carefully thought out; not hasty
◍ misfortune.
Answer: an unlucky event
◍ By commodity.
Answer: Categorized by type of product
◍ Value.
Answer: Is what something is worth to people
◍ Indirect Competitors.
Answer: Companies that offer goods or services that can be substituted for
each other, but are a little different
◍ Monopoly.
Answer: When one company controls an entire area of goods or services,
consumers don't have a choice (illegal)
◍ depths.
Answer: the innermost part or the deepest part
◍ ail.
Answer: to cause sickness, pain, or trouble
◍ Capital money.
Answer: goods that are worth money
◍ Finances.
Answer: Are the money you have and the things you own that are worth
money
◍ capital.
Answer: as a factor of production is defined as the tangible goods of value
that created by labor
◍ Government regulation.