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Mrs. Keep 10/2016

vocabulary words for NS.economics

TermDefinition
Goods Items ( things ) you can buy
Natural Resources Things we get from nature, like oil, water, air, wood , animals, and minerals
Supply The amount of goods available at a given time
Demand How many people want the goods that are available
Entrepreneurship People who come up with great ideas for new things to produce or ways of producing them.
Consumers People who buy things
Producers People who make things for trading or selling
Services Things you pay people to do for you
Human Resources People who plan and carry out the work and also the marketing for goods and services
Capital Resources Places and things people use to make items and things that help people
Created by: pashas
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