Economics review

Front

What is the study of the way goods and services are made and used?

Back

economics

Front

Where buyers and sellers exchange goods and services.

Back

market

Front

People who produce goods and services.

Back

producer

Front

What you give up when making a decision.

Back

opportunity cost

Front

Lack of available resources.

Back

scarcity

Front

Resources that come from nature: water, soil, trees, coal, etc.

Back

natural resources

Front

Someone who buys or uses goods and services.

Back

consumer

Front

Products that can be bought and sold.

Back

goods

Front

Work that is done by others.

Back

services

Front

A plan to help people make personal economic decisions for the present and future and to become more financially responsible.

Back

budget