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economics vocabulary

QuestionAnswer
inadequate supply of resourses scarcity
things or items we use that are produced goods
a job done for someone els servises
the careful managment of producing wealth and resources economy
these are found in the enviorment natural resources
anywhere goods are sold or traded market
goods used to make other goods or provide a service capital resources
maount paid to an individual wages
one who uses goods and servises consumer
people who work labor resources
system of organization wealth and resources economic system
desisions are made based on how thigs have been done in the past traditional economy
the government makes economic work and owns most of the property command economy
resources are owned by property citizens and economic answers market economy
natural resorce labor/human resources and capital resources productive resources
resource that can be renewed renewable resource
resources that can not be renewned nonrenewable resource
Created by: cheseburger
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