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1. Question
Drag the correct word or phrase to the right-hand column next to its definition.
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Caveat emptor
Competition
Imports
GDP
Business cycle
Consumer
Retail
The idea that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made; Latin for "let the buyer beware"
Rivalry among sellers to increase profits and market share
Goods or services brought from abroad and offered for sale
The monetary value of all the finished goods and services produced within a country's borders in a specific time period
The sequence of economic expansion and contraction
A person who purchases goods and services for personal use
The sale of goods to the public in relatively small quantities for personal or household use