Economics

1. - a transaction in which no physical goods are transferred from the seller to the buyer.
3. - is an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.
5. - is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers.
6. - items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.
7. - an individual or organization that makes or provides goods and services to fulfill consumers’ needs and desires.

2. - refers to the basic economic problem
4. - Customers are the purchasers within the economy that buy goods and services, and they can exist as consumers or alone as customers.