you are not able to have enough of the goods and services that you want.

things that people buy or use that they can touch and feel.

something that someone does for you

a person who buys goods and services.

someone who makes a good or provides a service.

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Social Studies 3rd M

Economics

Term	Definition
Scarcity	you are not able to have enough of the goods and services that you want.
Trade	another word for exchange
Good	things that people buy or use that they can touch and feel.
Service	something that someone does for you
Consumer	a person who buys goods and services.
Producer	someone who makes a good or provides a service.
Need	Something we must have
Barter	trade without using money.