Economics basics

Front

A person who buys goods and services

Back

consumer

Front

another word for money

Back

currency

Front

How much people want something

Back

demand

Front

The making, buying and selling of goods and services

Back

economics

Front

What you give up when you make a choice (the next best alternative)

Back

Opportuniy cost

Front

Something we pay for that we can touch: goods, services

Back

goods

Front

A general increase in prices

Back

inflation

Front

The place where goods and services are exchanged

Back

market

Front

Something we use from nature

Back

natural resource

Front

The amount of money we pay for a good or service

Back

price