Economics (Standard 10)

Someone who uses goods or services is a

• Producer

• User

• Consumer

• Customer

The amount of money that a company makes after all the costs of running the

business have been paid is their

• Income

• Profit

• Sales

• Checks

A person who makes goods or provides services is a:

• Business

• Store

• Producer

• Consumer

Materials that are produced for people to buy things that can be seen and touched are:

• Goods

• Groceries

• Inventory

• Stock

How much in the way of goods and services people want and are able and willing to buy at a given price is the:

• Need

• Supply

• Want

• Demand

Jobs that people do for other people in return for pay are:

• Employment

• Services

• Freelancing

• Poaching

The study of the manufacture(production), distribution, sale and use (consumption) of goods and services is:

• Economics

• Business

• College

• Education

Things in nature for which man has found use are:

• Human Resurces

• Free

• Used to make things

• Natural Resources

Things that people would like to have in order to survive, such as food are:

• Wants

• Needs

• Likes

• Dislikes

When there are not enough goods and services to satisfy the wants and needs of people is called:

• Scary

• Almost gone

• Scarcity

• Poverty