Economics Part 1

a business that deals in money and credit

• barter

• a bank

• consumption

• credit

to exchange goods and services for other goods and services

• trade

• buy

• barter

• toss

buildings, machines, technology, and tools needed to produce goods and services

• capital resources

• economics

• scaricty

• wants

to get an item today, but pay for it later

• pass due

• demand

• income

• credit

the amount of interest in a good or service

• supply

• demand

• credit

• bank

the quantity of something on hand or available

• supply

• demand

• wants

• needs

the process of delivering product to various places

• disperse

• travel

• distribution

• pass out

any person or group that buys or uses goods and services to satisfy personal wants and needs

• provider

• producer

• supplier

• consumer

to use something up

• waste

• consumption

• distribution

• scarcity

the study of how goods and services are produced and distributed

• government

• politics

• revolution

• economics