Things that you use, buy, or sell

The concept that we have unlimited wants but limited resources, so choices need to be made about how to use resources more effectively

Work done by someone for someone else

People who make something or provide a service.

People who buy or use goods and services

Things that are used to produce goods and services

Money that is earned by working

the place where goods and services are exchanged

trade, such as trading goods and services for other goods and services or money

materials that occur in nature, like minerals, forests, water, and soil, and can be used to create goods.

how much money something costs

people who provide their skill and time to do something, such as a job, to contribute to the economic system.

goods that are used to produce other goods, rather than bought by a consumer; these include machinery, tools, and other equipment

an economy where most goods and services are produced and consumed in a free market

How much of a product, service, or resource is available

how many people want a product or service, and how much people are willing to pay for a product or service they want.