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things that are sold or bought.

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car

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Services are the service the business provides the costumer or is provided by other company. For example, all business pay the service of light.

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water service

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Land
Labor
Capital
Entrepreneurship

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The means through which goods and services are produced.

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Oil
Goods and services
Materials

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Limited

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The economy affects a business because the number of consumers depend on how good or bad the economy is. If the economy is bad then there would be less consumers and if it is good there would be more consumers. .

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They determine the quantity that consumers wish to buy and the providers give.

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Describes the total amount of a specific good or service that is available to consumers

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Refers to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.

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How do businesses know which goods or services to produce?

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How do businesses know which goods or services to produce?

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They know by the demand the people want from something, as it is an easy way to make something that will sell.