Econ Bingo Flashcards

Front

a person or organization that uses goods and services

Back

Consumer

Front

the person or business that uses resources to make goods and offer services

Back

Producer

Front

trading goods or services without using money

Back

barter

Front

currency with a set trading value

Back

money

Front

When you don't have the money for something but you are still able to buy it by borrowing money. You are in ______.

Back

Debt

Front

a form of using debt, where a person charges something and agrees to pay it back later

Back

credit

Front

the cost of giving up something in order to get something else

Back

opportunity cost

Front

putting something aside or storing it for later

Back

save

Front

the study of the production, consumption, and distribution of goods and services.

Back

economics

Front

something you have to have that you cannot to without

Back

need