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Economics Test

Economics3rd

TermDefinition
The form of money that people use Currency
Things people buy or sell Goods
A plan for using money Budget
The amount producers will make for a certain price Supply
A person who starts a business Entrepreneur
Forms of work that people do for other people Services
A team that makes a product by following steps Assembly line
Someone who buys goods and services Consumer
Tools that help workers make goods or provide services Capital Resources
Sell goods or services to people in other countries Export
The amount consumers are willing to buy Demand
Consumers and producers needing each other to survive Interdependent
Bring goods from other countries to sell Import
A lack of goods and services Scarcity
The money people earn for work Income
The skills, knowledge, and labor that people bring to their jobs Human Resources
Someone who makes and sells goods Producer
Created by: msyancey3rd
Popular Economics sets

 



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