Lesson 6 and 8 Geography vocab.

Front

Study of how people meet wants and needs?

Back

Economics

Front

Desire for a good or service?

Back

Demand

Front

Government with power held by one or few.

Back

Authorization Government

Front

A person or business that buys or consumes goods or services?

Back

Consumer

Front

System where a central government makes all laws for the country.

Back

Unitary System

Front

Amount of a good or service available for use?

Back

Supply

Front

Form of government ruled by a monarch?

Back

Monarchy

Front

Person or business that makes and sells goods or services?

Back

Producer

Front

Form of government where citizens hold power?

Back

Democracy

Front

Cost of what you give up when making a choice?

Back

Opportunity Cost