Consumers, Producers, Supply & Demand Test

 to trade with goods rather than money (verb)

• coins

• barter

• capital

• consumers

to have more of something than we need (noun)

• supply

• surplus

• demand

• shortage

the amount of something that is available (noun)

• supply

• demand

• scarcity

• surplus

a particular area which someone concentrates on or is an expert in (noun)

• producer

• services

• specialization

• demand

when the demand for something is greater than the supply of that item (noun)

• shortage

• surplus

• demand

• supply

work we pay other people to do for us (noun)

• producers

• goods

• supply

• services

there is not enough of a product to meet the demand (noun)

• producers

• scarcity

• surplus

• supply

 people who make or grow things to sell to others (noun)

• producers

• consumers

• supply

• demand

something that must be given up to get or achieve something else (noun)

• competition

• interdependence

• opportunity cost

• surplus

a chance or favorable time (noun)

• interdependence

• economy

• opportunity

• demand