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Question
Answer
the total amound of money spent on something
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spending
the total amount of a purchasable object
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supply
something means to predict or wait it to happen
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anticipate
there is not enough demand for it and therefore there is too much of the good or servise in the market
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overproduction
is a decrease in the amount of economic activity
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downturn
is an amount that is more than what is necessary or normal
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surplus
is an exchange of money for goods
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sale
a general course of action that repeats
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trend
is the affect of a change in one variable on another
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elasticity
is to have an effect on an outcome
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determine
is the amount of money requaired to buy something
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price
is a person who makes a purchase
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costumer
is to provide something
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supply
is the act of using money for purchases
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spending
extra amount
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surplus
the amount wanted by customers
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demand
decrease in economic activity
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downturn
products for sale
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goods
is something that someone gives to help a person or group
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contribution
an official type of business that defines the business's ownership and tax status
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legal structure
business is owned by one person only and they have the legal and financial responsibility for that business
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sole proprietor
is a document that gives someone authorization to do or use something
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permit
small business that has been recently created
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startup
sales revenue
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total income from sales after costs
includes the total amount of money before expenses are deducted
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gross
difference between the selling price and the amount of moneh
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margin
costs are equal to its income
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break-even
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