Economics

Front

People who make goods and services

Back

Producer

Front

People who buy goods and services

Back

Consumer

Front

An object people want that they can touch and hold

Back

Good

Front

An action that a person does for someone else

Back

Service

Front

Occurs when people or countries depend on someone else to provide the goods and services

Back

Interdependence

Front

A system for producing, distributing, and consuming goods and services

Back

Economics

Front

The exchange of goods and services

Back

Trade

Front

The exchange of goods and services without money

Back

Barter

Front

The condition of not being able to have all of the goods and services that you want

Back

Scarcity

Front

All of the resources used to produce goods and services

Back

Factors of production