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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. |