Economics

Who is a person who buys a good or service?

• scarcity

• economics

• consumer

• producer

What are things people make?

• goods

• wants

• needs

• loss

What are things people like to have but do not need?

• goods

• needs

• wants

• banks

Who is a person that makes goods?

• abundance

• producer

• services

• surplus

The amount of goods offered for sale by a business?

• economy

• profit

• overhead

• supply

What is a large supply of an item?

• consumer

• marketing

• surplus

• manufacture

What is a shortage or lack of supply of an item?

• consumer

• scarcity

• overhead

• marketing

What are things we must have to live?

• needs

• goods

• demands

• wants

What is the thing you have to give up in order to get your first choice?

• income

• entrepreneur

• opportunity cost

• human resources

The amount that consumers are willing to buy for a certain price

• barter

• export

• economy

• demand