Economics review

Trading something for something else - no currency involved

• demand
• barter
• goods
• market

Tools we use to make products

• capital resources
• human resources
• natural resources
• entrepreneurs

another word for money

• barter
• economics
• currency
• price

How much people want something

• supply
• demand

Individuals who come up with a new idea for a good or service, then they make it a reality

• resource
• human resources
• consumer
• entrepreneur

Something we pay for that we can touch

• goods
• services

Something we use from nature

• natural resource
• human resource
• capital resource
• entrepreneur

Which of the following is a service?

• car
• shoes
• teacher
• computer

an economic systems in which the central government makes all economic decisions

• command econominy
• developed countries
• developing countries

______ is any physical environmental item that people perceive to be useful.

• human resource

• natural resource

• capital resource

• distribution