Resources
A factory machine used to assemble goods is an example..
Capital Good
A process of making the best use of resources by concentrating on one area of production.
Specialization
An example of this is Moira is ready to buy a new laptop, and she has saved up enough money to buy the model she wants.
Demand
The final step in the chain of economic activites.
Consumption
This actress plays Glinda in the movie "For Good" coming out in November.
Ariana Grande
Using a stream to supply water for crops is an example.
Natural Resources
An increase in money spent on items used to increase productivity.
Capital Investment
This is The quantity of a good or service that producers are able and willing to offer for sale at a
specified price in a given period of time.
Supply
usefulness
Utility
This 7 foot athlete was traded to the Houston Rockets at the end of the 2024-2025 season.
Kevin Durant
A salesclerk working part-time at a clothing store is an example
Human Resource
A formula that can determine productivity.
Outputs / Inputs
An example is that when the price of Bluetooth speakers increases, the quantity of Bluetooth speakers offered for sale will increase.
Law of Supply
A point at which the quantity supplied is equal to the quantity demanded.
Equilibrium
Angel Falls, the tallest waterfall in the world, is located in this South American country.
Venezuela
A process that involves replacing human resources with capital goods.
Automation
A product that increases the likelihood of another product being purchased.
Complementary Product
A concept that exists when a local neighborhood has many houses for sale at a low price, but demand for the houses is low.
Buyers Market
When there is high demand and low supply.
Sellers Market
This city is the capital of Canada.
Ottowa
The most fundamental economic problem, forcing people to make choices.
Scarcity
Different people performing different jobs.
Division Of Labor
A good where the demand is likely to be elastic.
Luxury
General conditions in which people live.
Standard Of Living
This planet has the most moons in the solar system.
Saturn