Economics

Trading something for something else - no currency involved

• demand

• barter

• goods

• market

Tools we use to make products

• capital resources

• human resources

• natural resources

• entrepreneurs

A person who buys goods and services

• consumer

• entrepreneur

• resource

• currency

The using up of a resource

• scarcity

• supply

• services

• consumption

another word for money

• barter

• economics

• currency

• price

How much people want something

• supply

• demand

The making, buying and selling of goods and services

• economics

• inflation

• market

• barter

Individuals who come up with a new idea for a good or service, then they make it a reality

• resource

• human resources

• consumer

• entrepreneur

The resources required to make a product (good or service)

• economics

• consumption

• four factors of production

• scarcity

A general increase in prices

• price

• inflation

• scarcity

• demand