producers that provide goods and services to satisfy the needs and wants of households

consumers that are working in the business sector to earn money

consumers that purchase goods and services for the business sector

producers that provide goods and services to consumers in order to make a profit

the amount of goods or services that consumers are willing and able to purchase at a point in time

the amount of products created throughout the production process that are available to the household sector

the amount of goods and services that businesses produce for the household sector at a point in time

the amount of goods required in the production process

Having fewer resources than needed to fill human wants and needs

A time or set of circumstances that makes it possible to do something

Anxiety that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on social media

The loss of other alternatives when one alternative is chosen

Economic transactions that are made between countries

The exchange of goods and services among individuals and businesses in multiple countries

The process of interaction and integration among people, companies, and governments worldwide

A change in global or regional climate patterns

circular flow

income

production

an export

specialization

labor force

export

import

To discourage enterprise and reduce foreign investment

To protect the workforce and the environment and to promote competition

To ensure that business is conducted in such a way that local businesses always win

To prevent consumers from accessing what the economy produces

a physical place where people buy only goods.

a physical place where people buy both goods and services.

a store where people buy physical goods.

any arrangements that brings buyers and sellers together.