Question

Indicate whether the following is true or false

1. A service business buys and sells goods
2. Secondary needs are our most basic needs to survive
3. The economic problem refers to the scarcity of resources to satisfy unlimited needs and wants with limited resources
4.Traditional societies are mostly industrialized and use technology to produce products for trade
5. A business uses a budget to control how money will be spent​

Answer 1

Answer:
1. False
2. False
3. True
4. False
5. True

Step-by-step explanation:

1. A service businesses provides services. Services are intangible resources which cannot be senn or touch.
2. Primary needs are the most basic needs to survive.
3. True
4. Modern industries are more industrialized and use technology.
5. True