Supply and Demand

A person who buys goods and services

• consumer
• entrepreneur
• resource
• currency

Tags

CCSS.RI.6.2

CCSS.RI.7.2

CCSS.RL.6.1

CCSS.RL.6.2

CCSS.RL.7.2

The using up of a resource

• scarcity
• supply
• services
• consumption

How much people want something

• supply
• demand

The making, buying and selling of goods and services

• economics
• inflation
• market
• barter

This term refers to how much of a good or service consumers are willing to buy at a particular price.

• Demand
• Compettition
• Supply
• Equilibrium Price

What determines the prices of goods and services?

• Supply

• Demand

• Supply and demand

• Goods

Defined as: an organized money system.

• service

• economy

• trade

• tariff

Defined as: things that are made or grown and then sold

• services

• exports

• imports

• goods

Defined as: the performance of a duty or work for another person

• good

• service

• export

• import

Defined as: the act, process or business of buying, selling or exchanging goods and services

• embargo

• trade

• tariff

• quota