Economics

People who make goods or provide a service

• consumers

• needs

• producers

Things that we have to have

• barters

• needs

• wants

Something that someone does for you

• service

• want

• good

To trade something you have for something else

• supply

• economics

• barter

Someone who buys goods

• consumer

• producer

• demand

Something that you would like to have

• producer

• good

• want

Something that you use or can hold in your hand

• good

• service

• need

The study of making, buying, and selling goods or services

• economics

• producer

• want

If an item is not selling at a store, what should the owner do?

• stop selling the item

• lower the price

• raise the price

Which of the following are goods? Choose all that are correct.

• video game

• haircut

• dog toy

• ice cream