Economics Vocabulary

Economics Vocabulary

buyer

person who gives money or trades for things they need or want

economics

how money, goods and services are produced and used

supply

the amount of something that is available

demand

number of people who want or need something

scarcity

when something is difficult to find or get

seller

a person who sells goods to others

trade

give one item in return for something else

currency

a country's system of money