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Terms: consumers, customers, needs, wants, inputs, outputs, goods, services, capital goods, and consumer goods.

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a person who purchases goods and services for personal use.

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a person or organization that buys goods or services from a store or business.

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1. of necessity.

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have a desire to possess or do

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the action of helping or doing work for someone.

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merchandise or possessions.

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goods bought and used by consumers, rather than by manufacturers for producing other goods.

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input is something entered into a machine or other system, the act of entering data or other information.

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Output is defined as the act of producing something, the amount of something that is produced or the process in which something is delivered.

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1. goods that are used in producing other goods, rather than being bought by consumers.