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Topic 1 Lesson 6 Matching
Supply
Amount of a good or service that is available for use
Producer
Person or business that makes goods or services
Economics
Study of how people meet their wants and needs
Opportunity Cost
Cost of what you have to give up when making a choice
Consumer
Person or business that buys or consumes, goods or services
Demand
desire for a particular good or service
Supply
Amount of a good or service that is available for use
Producer
Person or business that makes goods or services
Economics
Study of how people meet their wants and needs
Opportunity Cost
Cost of what you have to give up when making a choice
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Created by: Amreader09
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