Question

State the term given to each of the following statements.

Statement	Term
Movement of goods and services from producers to consumers
Creation of goods and services
Using a good or service
Satisfaction derived from using a good or a service.

Answer 1

Statement	Term
Movement of goods and services from producers to consumers	Distribution
Creation of goods and services	Production
Using a good or service	Consumption
Satisfaction derived from using a good or a service.	Utility