NEW
Font size
WorksheetsCivics: Economics vocabulary
Total questions: 10
Worksheet time: 5mins
1. The study of the production, distribution and use of goods and services
Civics
Goods
Economics
Supply
Anything that can be grown or manufactured
Goods
Services
Supply
Demand
An action a person does for someone else in exchange for money or value
Credit
Services
Import
Export
Someone who creates or offers a good or service
Supplier
Demand
Manufacturer
Producer
A person who buys a good or service
Consumer
Producer
Credit
Economics
A product brought into a country to be sold there
Export
Import
Demand
Tariff
A good or service sent to another country for sale
Import
Goods
Export
Services
An exchange of goods or services
Trade
Economics
Producer
Consumer
The amount of a product that a producer is willing and able to sell at a specified price
Demand
Supply
Manufacturing
Trade
The amount of product that a consumer is willing and able to buy at a specified price
Opportunity cost
Supply
Demand
Equilibrium
