Economics

things purchased by consumers

• goods

• consumer

• producer

• supply

A person who provides a good or service

• producer

• need

• want

• consumer

A person who purchases a good or service

• consumer

• taxes

• supply

• good

Basic things humans need to survive

• need

• want

• import

• demand

Extras that make life more enjoyable

• want

• need

• producer

• savings

The amount available

• supply

• demand

• import

• natural resource

how much of a good or service consumers want

• demand

• spending

• producer

• scarcity

goods naturally found on the earth

• natural resources

• supply

• demand

• services

services provided by people

• human resource

• import

• scarcity

• consumer

goods made to use in the production of other goods

• capital resouces

• demand

• taxes

• export