What is demand?

Producers, Consumers, and Resources

Flashcard
•
English
•
1st Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
Demand is the desire for a product or service, indicating how much people want it.
2.
FLASHCARD QUESTION
Front
What is supply?
Back
Supply is the amount of a product or service that is available for people to buy.
3.
FLASHCARD QUESTION
Front
What is a producer?
Back
A producer is someone who makes or provides goods and services.
4.
FLASHCARD QUESTION
Front
What is a consumer?
Back
A consumer is someone who buys and uses goods and services.
5.
FLASHCARD QUESTION
Front
Can a person be both a producer and a consumer?
Back
Yes, a person can be both a producer and a consumer.
6.
FLASHCARD QUESTION
Front
What is a need?
Back
A need is something that is essential for survival, like food and water.
7.
FLASHCARD QUESTION
Front
What is a want?
Back
A want is something that is not essential but is desired, like toys or ice cream.
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