Econ Intro Bingo

Front

An action or work that someone provides, rather than a physical object you can hold

Back

Services

Front

The extra money you have left after you sell something for more than it cost to make or buy it

Back

Profit

Front

The money somebody receives for doing something, like working, or as a gift

Back

Income

Front

Something that you desire to have but don't need to survive or maintain good health

Back

Wants

Front

How much people want or need something

Back

Demand

Front

The lowest hourly wage that an employer is legally allowed to pay an employee

Back

Minimum Wage

Front

A general increase in prices over time: things generally cost more money than they used to

Back

Inflation

Front

The basic ingredients that businesses need to create goods and services

Back

Factors of Production

Front

Not having enough of something to satisfy everyone's wants and needs

Back

Scarcity

Front

To control something and make it work in a certain way

Back

Regulation