Economics Worksheet for Sub

Money that the government collects from individuals and businesses to pay for public goods and services

• Profit

• Tax

• Service

• Loss

The people who do the labor. Anyone who works.

• Human Resource

• Renewable Resource

• Supply

• Demand

How much there is of a good or service.

• Incentive

• Supply

• Demand

• Loss

Work done by a person for money

• Goods

• Service

• Tax

• Profit

Resources found in nature like air, soil, sunshine, water, coal, plants, and animals.

• Human Resources

• Natural Resources

• Nonrenewable Resources

• Capital Resources

the study of how societies manage the unlimited wants with limited resources; This is also a problem called “Scarcity”

• Incentive

• Economics

• Entrepreneur

• Specialization

Anyone who buys a good or service.

• Barter

• Loss

• Consumer

• Producer

When people want or need more of something than there is.

• Scarcity

• Profit

• Opportunity Cost

• Tax

Resources that are made by people to make other things.

• Renewable Resources

• Capital Resources

• Human Resources

• Natural Resources

Anyone who makes or grows a good or performs a service.

• Barter

• Consumer

• Producer

• Profit