Someone who creates a good or service for others to buy or use.

An economic condition that exists when demand is greater than supply.

To be successful, a business must produce

TRUE OR FALSE: Opportunity cost is the value of what you give up because you choose to do or buy something else.

Land, fuel, water, and minerals are this kind of resource:

Money, buildings, and equipment are this kind of resource:

The amount of a product or service that is available.

The amount of a product or service that people want and are willing to pay for.

Things you MUST have to survive:

When people buy and sell their products in other countries they are a part of:

The kind of industry when people are paid to do things for other people:

Doctors, teachers, lawyers, and plumbers are example of what kind of industry?

The study of how goods and services are made, sold, and used:

Human-made goods, tools, machines, and buildings used to produce other goods and services:

If you want a chicken sandwich at lunch, and there isn't a lot left, then the supply is _______.

What are entrepreneurs?

Most of a farmers' tomato crops have been killed by insects. What will probably happen to the cost of tomatoes?