Chapter 1 Vocabulary |
|
| Wants | Things we wish we could have. |
| Needs | A want that is necessary to survive. |
| Goods | Somthing that can be physically wieghed or measured. |
| Services | Tasks that people or machines perform. |
| Recource | Anything people can use to obtain what they need or want. |
Opportunity Cost |
What you give up when you make one choice instead of another. |
| Buiseness | All the activites individuals perform during the producing and distribution of goods or services. |
| Ability | Somthing you learned to do and can do. |
| Aptitide | Somthing you naturaly know how to do. |
| Career Clusters | A group of related occupations in an idustry or field that requires similar skills and aptitudes. |