Economics

Something you can buy or use (objects)

• service

• good

• want

• need

Something that somebody does for you (actions)

• want

• need

• good

• service

A persons that makes goods or provides a service.

• consumer

• producer

• service

• need

A person that buys and uses goods and services

• producer

• service

• consumer

• good

Things we would like to have, but do not need for survival.

• need

• good

• want

• service

Things we must have to stay alive.

• wants

• goods

• services

• needs

The amount of something available for consumers.

• demand

• supply

• producer

• scarce

Which of the following is a good?

• mechanic fixing your car

• dentist cleaning your teeth

• a textbook

• a teacher teaching your math

Which of the following is a service?

• a cellphone

• a new shirt

• sunglasses

• a mechanic fixing your car

Which of the following is a need?

• Xbox

• an Iphone 12

• water

• Air Pod Pros