More Foundations of Business (WOW 2)- Image Representation

For this assignment you will be using the terminology learned in WOW2 and finding a image(or images) which represent each of these foundational business terms. The goal is to help you better understand what each of the terms mean. Under each each image you will include a short description of why this particular image represents the term (see example below)

Terms:

Wants
Needs
Consumer
Scarcity**
Surplus
Opportunity Cost
Entrepreneur
Sole Proprietor
Partnership
Corporation

Example:

**Scarcity
Scarcity The lack of water in many areas of the world is a great representation of scarcity. Scarcity happens because people have unlimited wants but resources are limited.

 

 

To Do:

Tips: