Business - An organisation that provides goods and/or services to consumers in order to make a profit, Economics - A social science concerned with description and analysis of the production, distribution, and consumption of goods and services , Economy - All activities undertaken for the purpose of producing, distributing and consuming goods and services in a region or country. , Micro Economics - A study of economics in terms of individual areas of activity, such as a business or an individual. , Macro economics - A study of economics in terms of the whole economy, such as interest rates, inflation and unemployment, Consumer - Anyone who makes use of goods and services; all of us. , Entrepreneur - A person who takes on a risk by starting a business with an idea, hoping to make a profit through initiative and enterprise. , Goods - physical items that satisfy needs and wants. , income - money earned through employment of investment, labour - the human skills and effort required to produce goods and services , needs - those things that are essential to our survival , producer - people who produce goods and services , producers - describes a business that sells goods and services to consumers , services - actions done for you by others to satisfy your needs and wants , wants - those things we desire, but are not essential for survival or to meet the basic standard of living in the community ,
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