Marketing

1. a necessity
7. The amount of goods producers are willing and able to produce and sell at a given price during a certain period of time
9. the value added by exchanging a product for a monitory value
12. Human resources including all workers in the economy
13. the degree to which demand for a product is affected by its price
14. Costumers willingness and ability to buy a product
15. The rate at which prices are rising
17. Natural resources including everything contained in the earth and in the sea
18. Refers to the added value or usefulness of a product

2. occurs when supply and demand are equal
3. when demand exceeds supply
4. when supply exceeds demand
5. Refers to how changes in the price of a product result in a change on demand for the product
6. not a necessity
8. the value added by having a product where customers can buy it
10. the amount of goods and services a nations people have
11. A condition where consumers desire less goods and services then are available
16. the value addede by having a product at a certain time of year or a conviant time of cay