click below
click below
Normal Size Small Size show me how
Economics
Definition | Term |
---|---|
Two people have goods. They change one for the other. They do not buy the goods with money. | trade |
They buy goods and services. | consumers |
They make and sell goods and services. | producers |
It is where producers sell and consumers buy. | market |
All the producers try to be the best. They want the consumer to buy their product. | competition |
These are the things that we buy. | goods |
The actions or jobs that producers do. | services |