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2.02 Economic Goods

Objective 2.02

TermDefinition
Capital goods Manufactured or constructed items that are used in the production of goods and services.
Consumer goods and services Products produces for personal consumption.
Consumers People who use goods and services to satisfy their wants.
Consumption
Convenience products
Demand
Distribution
Economic goods
Economic resources
Economic services
Economic want
Economics
Elastic demand
Elasticity
Equilibrium
Equipment
Excess demand
Excess supply
Exchange
Factors of production
Human resources
Impulse item
Industrial goods and services
Created by: user-2014715
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