Commerce Year 9

trinitydona's version from 2015-05-04 05:00


Question Answer
What is a need? Things that are necessary for survival
What is a Want?Things that are not necessary for survival
What is a Good?A physical, tangible item that satisfies some human want or need
Singles use goodLast only for one use
Semi-durablecan be used a number of times but usually breakdown or wear out under a year
DurableGoods that are enduring and last for more than one year
What is a Servicethe action of doing work for someone
Collective goods/ servicesused by the community and is paid for buy taxes
Businessany organisation that produces or sells
Labour forcepeople aged 15 and over who are either employed or not employed
Incomemoney received on a daily basics from work, property, business, investment or welfare payments
impulse shoppingpurchasing something without prior though or plan