1
When theirs a limited supply of something
scarcity
Anyone who makes or grows a good or perform a service
Producer
A person who comes up with a product or service, or a better way to produce one
Entrepreneur
Service
Any kind of work performed for others
taxes
Individuals and businesses to pay for public goods and services
Something you can feel or any kind of merchandise
Good
The process of choosing one good or service over another
Opportunity Cost
Individuals and businesses to pay for public goods and services
taxes
Producer
Anyone who makes or grows a good or perform a service
interdependence
When people depend on one another
Any kind of work performed for others
Service
The amount something available for use
Supply
scarcity
When theirs a limited supply of something
Consumer
Anyone who buys a good or service
Economies
The study of making, buying, and selling of goods and service
When people depend on one another
interdependence
How much a product or service is desired by people
Demand
Supply
The amount something available for use
Good
Something you can feel or any kind of merchandise
When amount of a person or company spend is more that they receive or take in
Loss
Anyone who buys a good or service
Consumer
The study of making, buying, and selling of goods and service
Economies
Entrepreneur
The study of making, buying, and selling of goods and services
Opportunity cost
The process of choosing one good or service over another
The positive gain from an investment or business after subtracting expenses