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besion: The elements that are necessary to live (ex. nourriture et vetements)
desir: the elements that are good to have dans la vie comme extra (ex.telephone)
biens: marchandise, product, object.
services: work done by a person for another person (ex.haircut)
rarete: When a person is ready to pay a prix for something, this object becomes rare (ex.health care)
cout d'option: The cost (or what we can not have) if you get another thing (a choice between 2 items)
consommateur: person/client who purchased a product or a service.
producteur: a person/vender who is offering a service or product.
effet de substitution: Instead of buying product A, you can purchase product B which is less expensive than the first, but they both work the same.
marche potentiel: a pontential client they do not consume the goods or services but they could if the offer changed.
interet:
capital: sum of the money borrowed excluding the interests.
taux d'interet: sum of the money paid over time in a certain amount of time.
industrie primaire: extract or harvest of natural resources (enlever le miel des abeilles)
industrie secondaire: Economic- transform the natural resource in finished products (nettoyer et purifier le miel, emballer le miel)
insudtrie tertiaire: Economic- that offer services or which offer the finished products (vendre le miel a costco)
industrie quaternaire: economic-A technology and the specialized signal in order to improve an aspect of one of the other industries (creer une machine pour purifier le miel)
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