Economy Vocabulary

Front

Something you can use like paper, pizza, or a video game

Back

good

Front

Something someone does for others like mowing grass, and teaching students.

Back

service

Front

Something you need to stay alive like food and water

Back

need

Front

Something you would like to have

Back

want

Front

Someone who uses goods and services like a customer in a grocery store.

Back

consumer

Front

Someone who provides a good or service like a farmer or doctor

Back

producer

Front

How much of something people want to buy

Back

demand

Front

If the demand of a product goes up, the price will go______.

Back

Up

Front

If the demand of a product goes down the price will go _____.

Back

down

Front

How much of something available to be bought

Back

supply