Economics Review

Something we pay for that we can touch

• goods
• services

The place where goods and services are exchanged

• barter
• currency
• market
• resource

Something we use from nature

• natural resource
• human resource
• capital resource
• entrepreneur

The amount of money we pay for a good or service

• currency
• price
• inflation
• economics

The idea that resources are limited

• scarcity

• supply

• demand

• inflation

How much of something is available

• supply
• demand

A person who buys goods and services

• consumer
• entrepreneur
• resource
• currency

Which type of economy is based on traditions and beliefs?

• Command
• Market
• Traditional
• Mixed

Which type of economy is usually paired with a Communist government?

• Mixed
• Market
• Command
• Traditional

The desire for a certain good or service

• Supply

• Demand

• Economics

• Renewable Resource