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Market Vocabulary

Total questions: 14

Worksheet time: 7mins

Name
Class
Date
1.

Items you buy: tangible object that satisfies wants

a)

goods

b)

service

c)

needs

d)

wants

2.

Wealth in terms of money or assets

a)

consumer

b)

supply

c)

demand

d)

capital

3.

Tools, equipment, and buildings that help produce things

a)

Natural Resources

b)

Human Resources

c)

Capital Resources

4.

Actions that are done for someone else

a)

Needs

b)

Wants

c)

Services

d)

Profit

5.

Makes goods or provides services

a)

Demand

b)

Producer

c)

Consumer

d)

Wants

6.

The difference between the total revenue and the total cost of producing and selling a good

a)

Profit

b)

Goods

c)

Services

d)

Demand

7.

People who work

a)

Natural Resources

b)

Human Resources

c)

Capital Resources

8.

A person who purchases goods or services for personal use

a)

Producer

b)

Consumer

c)

Supply

d)

Demand

9.

Things found in and on earth

a)

Natural Resources

b)

Human Resources

c)

Capital Resources

10.

Goods and services that are required

a)

needs

b)

wants

c)

supply

d)

demand

11.

The cost required for something; the money spent

a)

Goods

b)

Services

c)

Expenses

d)

Wants

12.

Goods and services that are NOT necessary

a)

Needs

b)

Wants

c)

Capital

d)

Profit

13.

A schedule of how much producers are willing and able to produce and sell at a price

a)

Profit

b)

Services

c)

Supply

d)

Demand

14.

A schedule of how much consumers are willing and able to buy at a price

a)

Needs

b)

Wants

c)

Supply

d)

Demand