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9. Identify the terms given to each of the following statements.

a. Transport goods from producers to consumers

b. Activities carried out with a view of making profit

c. A person who uses a good or service

d. Increasing the usefulness of a good or service



Answer :

GinnyAnswer

Final answer:

Consumers, goods, and services are essential components of the economy.


Explanation:

Consumers: Persons who use goods or services to fulfill their wants and needs. When consumers purchase items, they contribute to the economy by creating demand.

Goods: Tangible products like shoes, cars, and food. Goods can be categorized as durable (lasting over three years) or non-durable (lasting less than six months).

Services: Intangible offerings like education or healthcare, essential for the functioning of society and the economy.


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