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WorksheetsMarket Vocabulary
Total questions: 14
Worksheet time: 7mins
Items you buy: tangible object that satisfies wants
goods
service
needs
wants
Wealth in terms of money or assets
consumer
supply
demand
capital
Tools, equipment, and buildings that help produce things
Natural Resources
Human Resources
Capital Resources
Actions that are done for someone else
Needs
Wants
Services
Profit
Makes goods or provides services
Demand
Producer
Consumer
Wants
The difference between the total revenue and the total cost of producing and selling a good
Profit
Goods
Services
Demand
People who work
Natural Resources
Human Resources
Capital Resources
A person who purchases goods or services for personal use
Producer
Consumer
Supply
Demand
Things found in and on earth
Natural Resources
Human Resources
Capital Resources
Goods and services that are required
needs
wants
supply
demand
The cost required for something; the money spent
Goods
Services
Expenses
Wants
Goods and services that are NOT necessary
Needs
Wants
Capital
Profit
A schedule of how much producers are willing and able to produce and sell at a price
Profit
Services
Supply
Demand
A schedule of how much consumers are willing and able to buy at a price
Needs
Wants
Supply
Demand
