Economics

Which of these examples is a service?

• Mr. Farr sells guitars.

• Mr. Swenson sells art supplies.

• Coach provides lessons for different sports.

• Ms. Miller sells slime.

Jenny has hundreds of stuffed animals to sell. The stuffed animals are considered the _________.

• supply

• demand

• buyer

• seller

What is supply?

• the amount of an item you have

• how many people want your good/service

• the money you have left over after you paid your bills

• none of these

What is demand?

• the amount of an item you have

• how many people want your good/service

• the money you have left over after you paid your bills

• none of these

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

Tags

CCSS.RI.3.2

CCSS.RI.4.2

CCSS.RL.2.1

CCSS.RL.3.1

CCSS.RL.3.2

How much people want something

• supply
• demand

Stone and wood used for building are considered

• humand resources

• natural resources

• capital resources

• economics

The people needed to make things or provide services are called

• natural resources

• human resources

• capital resources

• labor