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Economics vocabulary

review of vocabulary

Definition / QuestionAnswer
Inadequate supply of resouces Indequate means not enough scarcity
Things or items we use that are produced Goods
A job done for someone else Services
The carefull managment of producing, distibuty, and consuming wealth and resources. Economy
These are found in the environment. Natural Resources
Anywhere goods are sold or traded. Market
Good used to make other goods or provide a service. Capital Resources
Amount paid to an individualfor services provided. Wages
One who uses goods and services. Consumer
People who work. Labor resource
Created by: Ladybug2142
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