Intro Economics Vocabulary Review

Front

A person who buys a product or a service.

Back

Consumer

Front

The amount of goods available

Back

Supply

Front

Things that you may like, but you don’t need to survive.

Back

Wants

Front

Products made or grown.

Back

Goods

Front

How badly a person wants a good or a service.

Back

Demand

Front

Work someone does for someone else.

Back

Service

Front

Things that you must have to survive.

Back

Needs

Front

A person who makes and sells a good or provides a service.

Back

Producer

Front

A brand new computer is an example of a...

Back

Want

Front

Malea and her mom go to Walmart and get some flowers for her grandma. This is an example of a...

Back

Consumer