Business

Business Exam Review Definitions: Economic Basics: Capital Resources- A resource such as equipment, a building, or money, that is used to produce goods and services. Consumer Purchasing Po wer- When consumers have the power to choose where they will buy g Last document update:   ago

Business Exam Review Definitions: Economic Basics: Capital Resources- A resource such as equipment, a building, or money, that is used to produce goods and services. Consumer Purchasing Po wer- When consumers have the power to choose where they will buy goods and services, and how much they will pay for them. Demand- The quantity of a good or service that consumers are willing and able to buy. Economic System- The way business and government work together to provide goods and services to consume...