Buyers and sellers
People outside of the business enterprise (e.g., consumers) ought to have a say in how the business operates
A business is essentially someone's property, and, as such, that its owners have the right to dispose of it as they see fit
The enterprise being run by employees and managers as a kind of representative democracy
Business can be viewed to exist for the purpose of creative expansion
a new television
Are things you purchase only after your basic needs are met.
Have no physical characteristics.
Must be provided to you at the time you want to consume them.
Are things you can see and touch
The United States
Economic resources are owned and controlled by the government.
Workers have the ability to produce the same goods and services.
Individuals have the same wants and needs.
People must deal with the problem of scarcity. (correct answer)
The people of the country
The tribal elders
Business people and entrepreneurs but not consumers
Cornering the market