Professional Documents
Culture Documents
goods
Lillian receives all of the profits and is personally responsible of all of the
losses of her business; what type of business does she have? Sole Trader
Any material, such as oil, cotton, or sugar in its natural condition, before it has
been processed for use. raw material
We do not need labor to turn natural resources into goods and services. False
A resource is anything that people can use to make or obtain what they need or
want. True
Highways, drinking water, and education are examples of public services in our
country. True