Words about the economy

Which is the best definition for the word "Want"

• Must have

• Something that you would like to have but are not necessary

• Are something that you must have to survive.

• The possible value of the choice that you do not make.

The __________ is the possible value of the choice that you do not make.

Is the way people, business and governments manages money

• scarcity

• needs

• abundance

• economic

_____ are something that you must have to survive.

Not having enough resources available to meet demand.

• scarcity

• needs

• wants

• abundance

______ and convenience helps determine value.

Which word means having more than enough product

• wants

• needs

• abundance

• economic