Economy Vocabulary

Which term means a person or company who makes a good or provides a service.

• Goods

• Consumer

• needs

• producer

Select a service.

• Banker

• farmer

The term supply means

• The amount of goods people are willing to buy

• A product that is made to sell.

• The amount of goods available to sell.

• The activity done to help someone do something

Select a want:

• food

• shelter

• clothes

• Television

What is a capital resource?

• human made thing that we use to grow or make other things

• People and their skills, ideas, and hard work.

• something that is made by earth that can be used to make other things.

Find all the capital resources.

• corn

• tractor

• baker

• oven

When there is more demand than supply, the price usually will

• increase

• decrease

Find the meaning for service:

• A job or something done that helps you with something that you do

• A person who works in a restaurant

• the amount of a good that people are willing to buy

A consumer .....

• someone who makes a good

• a person who buys a good

• money used to buy goods

You have a choice to make when you buy something. The item that you decide not to buy is called the

• supply

• opportunity cost

• demand

• producer