Economic Sectors Vocabulary

Having a limited amount of something is

• demand

• scarcity

• supply

Economics focuses on ___.

• The goods and services we buy and sell

• The goods and services we supply and command

• The products and places we want and buy

What are the 4 economic sectors?

• Primary, Secondary, Collegiate, Doctorate

• Primary, Secondary, Tertiary, Quaternary

• Primary, Dairy, Tarantula, Quarter

Subsistence farming involves ___.

• Growing enough food to feed your family

• Growing enough food to sell

• Not growing crops because you have too much food.

Which sector collects natural resources?

• Primary

• Secondary

• Tertiary

• Quaternary