Economics (vocab)

Front

Plan for spending money.

Back

Budget

Front

Uses or buys goods and services.

Back

Consumer

Front

The choice we give up.

Back

Opportunity Cost

Front

Things that can be bought or sold.

Back

Goods

Front

Something that someone does.

Back

Services

Front

Trading without money.

Back

Barter

Front

Someone who makes goods or provides services.

Back

Producer

Front

Amount of something.

Back

Supply

Front

Consumer desire for a product.

Back

Demand

Front

Things we desire but don't need.

Back

Wants