Individuals and organizations that determine what products and services will be available for sale

The method a country uses to answer the three economic questions

Things available to be used to produce goods and services

Things that are required in order to live

Not having enough resources to satisfy every need

Quantity of a good or service that businesses are willing and able to provide

Person who buys and uses goods and services

Economy in which resources are owned and controlled by the government

Private ownership of resources by individuals rather than by the government

Economy that combines elements of the command and market economies

Point where supply and demand are equal

Value of the next-best alternative that you were not able to choose

Given up on something to have something else

Economy in which the resources are owned and controlled by the people of the country