What Do People Want to Wear? Glossary terms from: Any activity
or organization that produces or exchanges goods or services for
a profit. People who use goods and services to satisfy their
personal needs and not for resale or in the production of other
goods and services. The quantity of a good or service that
buyers are willing and able to buy at all possible prices during
a period of time. Determinants of Demand Factors other than the
price of a good or service that change (shift) the demand
schedule, causing consumers to buy more or less at every price.
Factors include income, number of consumers, preferences and
prices of related goods. The relationship that exists when the
values of related variables move in the same direction. Also
known as a positive relationship. Tangible objects that satisfy
economic wants. Accommodation in houses, apartments, etc.
Payments earned by households for selling or renting their
productive resources. May include salaries, wages, interest and
dividends. Money paid regularly