Vocab - Economy

Front

Person who uses or buys a good or service

Back

Consumer

Front

Things are bought and sold freely

Back

Market Economy

Front

Exchange of one good or service

Back

Trade

Front

Something done for others for money

Back

Service

Front

Not enough of something you need or want

Back

Scarcity

Front

Government controls production and sales of goods/services.

Back

Command Economy

Front

A person who makes a good or provides a service

Back

Producer

Front

People depend on each other

Back

Interdependence

Front

Bring in goods from other places

Back

Import

Front

Something people buy that can be held or touched

Back

Good