Economics

People who buy goods and services?

• Scarcity

• Monopoly

• Profit

• Consumers

Not enough of a product

• Consumers

• Profit

• Scarcity

• Monopoly

The money that is left after expenses are made?

• Monopoly

• Profit

• Scarcity

• Standard of Living

One business having all the market with no competition?

• Standard of Living

• Monopoly

• Scarcity

• Profit

A way of telling how well people are getting what they need and want?

• Monopoly

• Profit

• Standard of Living

• Consumer

Abe want his radio fixed. That is a ________

• Demand

• Service

• Supplies

• Labor force

John fixes radios. That is a________

• Supply & Demand

• Supplies

• Service

• Labor Force

John____ this service for people who want radios fixed.

• Supplies

• Service

• Demand

• Labor Force

Abe pays john to fix his Radio. This is an example of _______.

• Service

• Supply and Demand

• Labor Force

• Demand

John hires two men to work in his shop. They are the _______.

• Demand

• Supplies

• Service

• Labor Force